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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Robert O who wrote (27010)	12/8/1998 7:06:00 PM
From: Knighty Tin	Respond to of 70976

Robert, You made a good point. I did try 80/20 and did not do well with it. I cut my profits too soon because I don't want to lose 15-20% of my money. The key to 90/10 is that I can go for broke without worrying about the downside. For example, in an 80/20 account, I would have been out of Citicorp and taken a nice triple or quadruple on the puts without daring to roll down. With the 90/10, I could push Citicorp all the way from $180 to $88 without worrying about a hiccup. No, I have not posted all my trades on the Net because I started doing 90/10, off and on, since the 1970s when there was no net. I also couldn't do it while I was managing funds as compliance made it impossible. MB