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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Jill who wrote (19218)3/29/1999 8:58:00 PM
From: t2  Respond to of 74651
 
Jill, I guess I can never stop options but I am going to do my own "reorganization" that prevents me from taking too many risks in options.
Going to set up a separate options division, i mean a separate options account.<g>
If I lose money in my options account, that would be it---I would not be able to use other funds to buy options.
Recently, I had gone up to 60% of my total holdings in options. I have sold a lot of my MSFT calls but I don't want to go that route again. Too much stress. Going to stick to under 10% in options.
More determined to stay focussed this time and I am confident I can manage it through this segregation of my holdings. This is why I urge people to be very carefull with options especially if your first trade is a big success---it just gets too tempting and very hard to stay disciplined.