Thx Jack - man, I do THAT a lot. Between placing trades and then posting them. . .
G
--- In ConservativeOptionS
>
> Gilbert, you mean Jan 30. Jack
>
> -----Original Message-----
> From: ConservativeOptionS
> Sent: Monday, December 21, 2009 1:17 PM
> To: ConservativeOptionS
> Subject: [ConservativeOption
>
>
> Market still under caution - but going out on limb (again) with another ASIA CC trade. Am I making money in this environment? No. More than 1/2 of each CC trade I entered during this innocuous (I've never seen this) 4-5 month period have been stopped - when the market continues to go up!
>
> But having jumped to new highs (again) with 50 Nasdaq points in a blink...(and not being in my Stop Losses/correction mode) I HAVE to keep my strategy parameter rules...that have "worked" for a very long time:
>
> Monday, December 21, 2009
>
> 12:44 pm EST
>
> Bought 200 shares of ASIA (AsiaInfo Holdings, Inc.) at $30.18 (ask).
>
> Sold (2) ASIA Jan 25 (EUJAF) call option contracts at $1.73 (bid).
>
> Stop Loss: $28.45
>
> It is a very odd period. 2006 I returned 34% beating the Nasdaq by 25%
>
> In 2007 I only gained 12% beating the Nasdaq by just 1.75%
>
> But in 2008, with just a 28% return - I beat the Nasdaq by 68%.
>
> Managing through the early 2009 drop and getting back in right near the March lows allowed for a decent first half - but the second half makes me feel like I am getting killed.
>
> Like before the market will deliver back what seems lost and more - just not used to having to let whole year periods like 2007 and 2009 to have to go by and definitely not used to getting steeply OUT-PERFORMED in any given year.
>
> But over time it all seems to average out. The KEY is not LOSING (and in this environment it could easily have gone the other way like in late 2008) too much in any given year. The steep COMPOUNDED gains will come and stack up and keep stacking up.
>
> Just weird. I think 2010 things will adjust quick and sharp - but we will all have to wait-and-see as I post my strategy & results.
>
> G
>
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