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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Miguel Gonzalez who wrote (7049)	3/7/1998 1:57:00 AM
From: hpeace	Respond to of 14162

exchange2000.com

To: Miguel Gonzalez who wrote (7049)	3/7/1998 10:50:00 PM
From: Douglas Webb	Respond to of 14162

should I begin my concentration on futures or options? That depends on how much money you can spend while learning the ropes. A futures trading account will require a bigger pile of cash to open, so that might be a big consideration for you. (It was for me.) Stock options are also somewhat easier to understand, I think. Most people have a pretty good general idea how stocks work, and a simple strategy like covered calling isn't a big step beyond that. Futures are a little more arcane to most people, and from what I've learned the best way to trade the futures market is through future option spreads. I've been getting a subscription from The Hume Group on lots of different futures plays. It costs $35 / month for a nice little book that explains a particular strategy in deep detail. I've got about 20 of them now, and plan to create a web site which will try out all the 'position opening' tests, so I can track real-world performance of the strategies. (If I'm going to play on paper, I might as well automate my paper and do a whole bunch of them at once, right?) Doug.