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To: ams who wrote (1684)12/9/1997 12:53:00 PM
From: ratan lal  Respond to of 12617
 
ams

<< But you weren't buying it as an investment. You were trading it.>>
<< Puts, calls, straddles, collars, etc are ways to frustrate yourself. >>

thanks for your views. I have the views but from time to time I digress when i talk to some people that thrive on options and bet their first born.

ratan



To: ams who wrote (1684)12/9/1997 1:28:00 PM
From: Robert Bushmiaer  Respond to of 12617
 
ams & Richard

My two cts. worth, I agree totally never allow a speculative
buy to become an investment. Experienced traders would never
mix the daytrading approach with that of an investor. A daytrade
is usually a good trade from the beginning, if it proves wrong exit
the trade and look at other candidates. I only daytrade when the
right situation develops but the same principles that were learned
from position trading still apply only shorter term. Take profits
limit losses, preserve capital.

Really enjoy the thread, thanks Irby.