U R right in that for my strategies patience has been the key.
Covered call funds that target optimal market (uptrends) to rack up strong gains (high premium/fundamentally sound stocks) - over time will blow any day-traded account to smithereens.
The key is to side-step corrective and phases where institutions are lacking any conviction - such as this late-stage bull market. Only then can an average of 50%+ gains be obtained over a 3-5+ year period.
Now that I am gaining experience with the use of futures, I plan by year-end to have a strategy perfected at Collective2 that is unrivalled. The waiting (for the bottom of this correction/bear market) is the hardest part, but I do plan on most of my active accounts to obtain some gains in the process.
I've been at C2/ET for less than a year and have progressed from my CC (~55%/yr) strategy to that coupled with my WOTM index spread (~75%/yr) strategy spread to now a few months into using equity index futures that uses about 15% of available margin to compound an average of ~150%/yr in gains with much less active management.
Believe me, I have a bit of difficulty exacting patience in the interim, but by 2009 I should be well on my way, so keep watching my C2 accounts
Paysense
Also go to my website and see that Covered Call Funds have been optimally navigating the highs and the lows for this recently very volatile period. The extrapolation s/b natural!
Covered call funds that target optimal market (uptrends) to rack up strong gains (high premium/fundamentally sound stocks) - over time will blow any day-traded account to smithereens.
The key is to side-step corrective and phases where institutions are lacking any conviction - such as this late-stage bull market. Only then can an average of 50%+ gains be obtained over a 3-5+ year period.
Now that I am gaining experience with the use of futures, I plan by year-end to have a strategy perfected at Collective2 that is unrivalled. The waiting (for the bottom of this correction/bear market) is the hardest part, but I do plan on most of my active accounts to obtain some gains in the process.
I've been at C2/ET for less than a year and have progressed from my CC (~55%/yr) strategy to that coupled with my WOTM index spread (~75%/yr) strategy spread to now a few months into using equity index futures that uses about 15% of available margin to compound an average of ~150%/yr in gains with much less active management.
Believe me, I have a bit of difficulty exacting patience in the interim, but by 2009 I should be well on my way, so keep watching my C2 accounts

Paysense
Also go to my website and see that Covered Call Funds have been optimally navigating the highs and the lows for this recently very volatile period. The extrapolation s/b natural!
