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Strategies & Market Trends : No-nonsense stock option picks ! -- Ignore unavailable to you. Want to Upgrade?

To: Early Bird who wrote (80)	12/20/1998 5:48:00 PM
From: Early Bird	Read Replies (2) \| Respond to of 135

Some of the best money management advice I have ever seen, from Barron's.... And remember this crucially important rule: Keep your dollar commitment the same for each trade. Too often, option players buy the same number of calls for each trade. This is suicide because if the 10 calls you bought at 8 drop to 5, that $300 loss won't be covered by the 10 calls you bought at 1 that triple to 3. An equal dollar amount in each of the above trades, however, would result in huge total percentage gains. This is one rule that can turn you from an options loser to a winner.

To: Early Bird who wrote (80)	12/23/1998 9:54:00 PM
From: Jeff Mizer	Read Replies (2) \| Respond to of 135

Great post Bird ! I haven't had time to participate in the thread I started for a couple weeks now... I am getting ready to leave frigid Ohio for sunny Florida right after Christmas and have been terribly busy making sure my business is taken care of so we can stay awhile. Plus I have gotten killed on some bad option plays recently which has taken some of the fun out of it for me but I hope to return in Feb. with a vengeance ! Merry Christmas everyone and remember-- JESUS is the reason we have this holiday !!!!!! Jeff