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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: KellyW who wrote (547)	1/5/1998 12:10:00 AM
From: ----------	Respond to of 2241

I've been thinking I should write a book on how I turned $50,000.00 into $3,000.00 worth of loss-carryforwards for 16 years. <g> Doug

To: KellyW who wrote (547)	1/5/1998 2:29:00 PM
From: Zach E.	Respond to of 2241

Kelly, Congratulations on your great performance since June 1. If you are just getting into options, I recommend that you get "Options as a Strategic Investment" by Larry McMillan. It explains all of the widely used options strategies. The chances of getting a 5-bagger on 6 consecutive options trades are quite low, as you might have guessed. This is the fundamental tradeoff with options, IMO: the strategies with big potential have a low probability of sucess, while the strategies with high probability of sucess generally have low profit potential. Good luck, Zach