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To: Mark Peterson CPA who wrote (4996)	2/26/1999 4:50:00 PM
From: HG	Read Replies (1) \| Respond to of 19700

I agree. Rolling over a loss is a terrible idea. I'd much sooner cut my losses and get on with life....... People generally enter the option trading environment very gingerly. 1 call/put buy or sell. They are successful. This is easy, try with 2. Success. Try with 10, successful and rich, try with 20....easy......I'm gettng the hang of it...now I'll try 50 calls..... By now law of averages is working against them. They have attracted mr murphy's interest.....this trade goes against them.... Total gains on 1+2+10+20 = 33 calls Total losses on 50 calls..... It can wipe out a person...! Or make them incredbly wealthy.... All the best to everyone who trades options.....