How to never get an account wiped out?

pumpkinhead

Look for all available videos at video.google.com and other ressources.

One of the quickest ways to learn are mulitmedia presentations.
 
Today I was always long with straddles or anti-directional short options.

03/13/07 +9.2%

I am now at 185.57% of my original payroll.
Average gain per day is 4.5%.
That's since 49 days!!!!

I am happy that I am able to make that a consitent exercise.
 
Met my target today.

03/20/07 +2.0% with 23.8% max. account risk.

That mean I was more than 61.9% sure of winning today.

Basic element was that I was betting with the up-trend to the close.

A TREND IS A FRIEND! Dont't fight trend. Stay out, if you get mixed signals. Take a break and come back later. You will see in seconds if there has a trend developed meanwhile or that a trend has confirmed.

I pulled the trigger by entering position by position, because I was more and more sure to get a good result. My last postions earned less money, but I was MORE sure!
 
Low risk setups are with the trend and promise a high reward compared to the inevitable risk (see attached graphics).

I have made all mistakes a novice can make today.

Shorting options against an announcement. Where is my long years experience?

03/21/07 -17.7%
 

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