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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Leland Charon who wrote (9316)	2/27/1999 7:07:00 PM
From: Matthew L. Jones	Respond to of 43080

Leland, Keep doing what works. That's the best strategy I can think of. The only reason I sometimes look at options right now is to mitigate the risk of taking large positions in an uncertain market. Also, my strategy involves keeping about 50% of my money in cash at all times and splitting the remainder up between position trades and day trades. In order for me to take positions in some of the companies I would like to (and stay within my allocations), I use options. That allows me to trade the upper tier stocks without having to tie up $100-150K on one position. I've been burned by taking too large of a position because my tastes exceeded my budget. I'm sorry if I gave you the impression I was trying to tell you what to do. On the contrary, I was throwing out ideas. I personally pick up new ideas on a daily basis reading this thread. I mull them over, paper trade some of them, etc. I think you should do what works best for your own style of trading and what fits your comfort zone. MLJ