Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (57607)	11/17/1998 11:29:00 AM
From: HairBall	Respond to of 58727

James: My Day Trading strategy is to always: 1) Pick an entry point 2) Pick a profit point (When reached take it, no one ever went broke taking profits.)* 3) Set a mental stop loss (if it is reached ALWAYS exit the position ASAP) 4) Never initiate a trade at the open. (I usually wait until 20/30 minutes after the market opens.) 5) And I always exit any positions 15 minutes before the closing bell. (Before I would hold a day trade over night, position trade criteria must be met.) * Note: If the profit point is reached and you strongly believe the price will continue to go in a direction that will extend your profits, attach a trailing mental stop loss. And, once again, if the stop loss is every reached ALWAYS exit the position ASAP. This strategy has maximized my gains and minimized my losses. Every time I have failed to follow this plan, I have almost always regretted it. Regards, LG

To: James Strauss who wrote (57607)	11/17/1998 12:57:00 PM
From: Linda Kaplan	Read Replies (2) \| Respond to of 58727

On the "dont get greedy" philosophy, I closed my EK puts today at a nice little profit. Now I only have a zillion more puts that have to cooperate and I'll be fine. --Linda