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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: SpecialK who wrote (21315)	11/11/1998 3:13:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Ketan--ot CPU is out of focus but nice to hear you are doing well with some good holdings..in nice times always plan ahead for the softer times in market this is the thumb rule we tend to overlook..In my opinion 1- % of profits should always be dedicated to trades which should be hedge oriented only...the time to place these bets for long calender months is during best of times when indexes make new highs they are most vulnerable at these levels too, it is at these points one devote some portion of profits to some kind of insurance...when we make a new 52 weeks high look at the flip when we made 1320 low and all time 104 weeks low market was most suspect for a rebound the initiation of hedge at that level was plain hardy dumbheaded approach but now as indexes make new 52 week highs if highs are not taken out and supports like 1130 are broken it is at these points one needs to establish some hedge to protect its profits,, I go for far out contracts and leave these puts not as part of the portfolio but as a cost payable...for profit runs..I will if these 52 week highs on my indexes fail and 1130 support taken out follow this course.... Market is about taking positions at the right time it is always in stateof dlux but what mattersd is when you exectued your trade it has to be in times of least volatility....just fwiw..