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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: NateC who wrote (10717)	5/11/1999 12:52:00 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 14162

So even though you intellectually know that it is better and more efficient, you still can't sleep at night...this goes back to the mind and psychology of a trader and how there are numerous instances of asymmetric thinking which costs the trader big bucks...Like why shorting is somehow more dangerous than being long, when people toss in words like "infinite", just before the word "loss"...I know I will get lots of heat for this one, but in my lifetime, I have never seen a stock go to infinity but zillions that have gone to zero...and somehow just because one has "paid up", the loss of capital affects the account in the same way. An excellent interview with William Eckhardt should help. I read the whole chapter over each morning before I trade. intelligentspeculator.com