To: Chuzzlewit who wrote (89727 ) 1/18/1999 11:38:00 PM From: arthur pritchard Read Replies (1) | Respond to
Chuzz:<long term investor> Last year, my trading profits are covered by an accumulation of tax loss carry forwards, from my real estate business. I knew about this built-in tax shelter, when I was trading. Now, I have at least experienced trading, and am in a position to completely switch my strategy. Devil's Advocate's comment to you, that essentially, a trader is convinced that he/she is working harder and will therefore do better, is relevent in my case, for last year---except I am very glad I had the experience of trying to beat the market--rather than just reading about, or listening to, OTHERS. My style, is to DO, not just think. Thanks to my respect for the thread, I am now doing more thinking. It will be interesting, whether I can mix my desire to be aggressive, with some option strategy. I am looking for the riskiest leap strategy I can find here. And to implement it with Dell. And to make a switch in strategy, before the 16th of Ferbuary. Again, 1998 for me was transition year, using my other business as a tax shelter. 1999 needs to be very different, because I have no desire to pay taxes I can avoid. The only place I may have a ligitimate argument with you, is a feeling that with the inuts going crazy this year, using high margin on Dell will be alot safer than last year---I guess you would say, "big deal" the beta is simply less. Since I prefer to stay 100% in Dell, and do not want to diversify, do you think I would be crazy converting everything to dell leap calls? I guess I am asking, does holding and rolling over leaps quality as a type of buy and hold strategy, at all? I think your answer is definitely NO.
