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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (215)	1/28/1999 9:04:00 PM
From: Mark[ox5]	Read Replies (1) \| Respond to of 779

Yes, they say the real money is made in options... I only use the most basic forms... puts and calls... and in 1 month I see what they mean.... of course they are more dangerous but really you can only lose what you put in.. Say you bought like I did those 4 YHOO options at average cost of 33.50 That is $13,400... no one wants to lose $14,000... but that is the most you could lose... and it entitles you to 400 YHOO shares,... which would cost you oh..$100,000 at the time... and if YHOO dumps you will lose a lot more on the common than $13,400. Leverage is my friend :) I agree with the shack thing.. I am like.. I can live like a pauper for 3 years to make this killing and then retire... and live like a superstar... Throw a few million in SUNW, MSFT, EMC, BRCM..ignore the market and live stress free... let it grow 40-60% a year in those stud high tech stocks.... and live off some interest... but deciding which beachfront home to stay in for the week will be the hard decisions ;) The first million is the hardest to make... (how true it is) Takes money to make money (how true it is) Dreams... Mark