Search results

What I have been trying to do is evaluate what I did wrong. I am going to present one of the trades that I made and my after the fact analysis. This way you can critique the trade and more importantly you can provide comments as to what you think of my thought process as to where I made the...

I agree. It is too high of a tuition cost. But, I have learned not to go so far out in terms risk. So in that sense it was a good lesson. Your points are very good. More to come. Thanks.

Thank you for the offer. Yes I would. I don't have time now, being Friday night and all, but over the weekend I will document some of my thought process and actions. I am asking myself, did I choose the wrong strategy? Did I bail too soon? Was I psychologically unprepared? Those kind of...

One final thought. I am not throwing in the towel. I am just going to proceed slowly.

Thanks everyone for the comments. I am pulling way back in options. I lost $6000 in about a month's time. I am not blown out, but it is going to be a small part of my investment strategy from this point forward. I realize some of you guys (this is not gender specific) are wealthy...

I've thought about this comment. Given your experience and perspective perhaps you could give me some further thoughts on this. Are the reasons option traders blow out in your opinion because of the extreme volatility of investment and the resulting panic trading that may occur, even when the...

Buzz and Dunbar, You've piqued my interest. I am going to look into what you suggest. And of course be careful as I do it. Can't talk much now, I've got to run. Thanks.

No problem. Like I told Johnnie Walker, I was just tired. Thanks.

Based on what I read here on this board and what I have read in books, most people lose money when the start out. Tuition costs if you will.

I just started reading a few books. I was very attracted to the mathematical and statistical pricing of options. Specifically, I am more attracted to the math of options, than the technical and fundemental analysis of common stock. In McMillan's book he says, "Don't confuse brains with a bull...

:D :D :D Never been better.

Naah, I am not bothered all that much. I am just tired. My balls and skin are fine.

I don't disagree with your point. That is why I would buy offsetting put(s) when doing a buy write. But, as I say, I have learned there are better alternatives than this. Also, if the stock takes a nosedive, can't you buy back the call at a lower price and then write another call? Yes, I know...

Like I said in my first post, I usually avoid these public boards. I am going back to my past practice. I do appreciate the constructive comments from the other posters, however. Goodbye. "JSHINV Ok, covered call is synthetic equivalent of naked put, just in case you weren't aware. So...

I usually buy an out of the money put to cover it. But, I am learning this approach is not a strategy I like and really not a good strategy at all when compared to equivalent alternatives.

Thanks everyone. Good advice all. Just for the record though, I am not doing anything naked. I am not a gambler. Even though I am somewhat surprised to see there are gamblers that post here. I so far have done straddles, credit spreads, some covered calls, calender spreads, vertical...

Naahh., just my laziness in not using the spell checker.

Yeah, my wife used to give me a lecutre when I farted. Then after we were married three or four years (11 now) she was in the living room and let out her own loud fart accidently. So now, I can bring that up the rest of my life, every time I fart.

You can fart in front of us. This is cyperspace after all. Who wants to live in a nightmare?

I listened to a talk from Bill Walsh recently the one of the all time great coaches fror the San Francisco 49ers. He explained when he was an assistant coach with Cincinnati they were in a championship game with Oakland. It was down to the wire. He was calling the offensive plays as the...