Thank you for helping out. Very little time or effort will be required (at most 1 hour per week) from volunteers, but this help is greatly appreciated.
The strategy will require days and months to add up against each type of market backdrop - but as we discuss. . .you will find the long-term expected results will fall in line.
Attached is an Excel spreadsheet.
Open it and select page "A1(3)".
Open Yahoo! FINANCE "Options" page: http://finance.
Note: data example for the first stock ALXN is already inserted into spreadsheet. Simply continue pasting data into appropriate cells as defined below.
-----
Using you mouse, right-click & copy (or use CTRL-C) "RIMM" from cell B6 of spreadsheet.
Enter it (right-click & paste or use CTRL-V) into the Yahoo! FINANCE "Options" page, where it says "Get Options for:" (at the right).
Then click "Go" or press the enter key to pull up the stock and option price data.
Double-click on the stock price, then right-click & copy and enter it (right-click & paste or CTRL-V) into cell "B7" of spreadsheet.
Note: you can use ALT-Tab to toggle between the 2 pages you are working with.
Then go back to the Yahoo! Options page and sweep across (with your mouse) and collect data for both OTM (out-the-money) & ITM (in-the-money) call option quotes.
Note: OTM and ITM data is separated by the (yellow & white) background coloring. Just collect data from the 2 rows.
Simply point your cursor in the white or lower row - at the right of the number for "Open Int" and (holding the left mouse button down) drag across the data, sweeping to the left to collect all of the data below and above the color separation line (just 2 total rows of data) over to and including the strike price in the yellow or upper row.
Once data selection is highlighted, right-click & copy then go to cell "B8" and right-click & paste or CTRL-V.
Example of data set:
RIMM
Cell "B7" contains 48.56
Cells "B8" to "I9" contain,
66.63 RFYAO.X 2.84 1.81 2.80 2.85 2,146 8,207
70.00 RFYAN.X 1.44 1.18 1.41 1.44 22,255 47,690
This may take a bit and a while of practice - but eventually will become routine in gathering 100 sets of data (50 stock symbols and their near-strike OTM & ITM option data into two spreadsheets)
When done, please click page "A(3)", SAVE, attach & email to me.
Let me know it there is any question or difficulty in understanding the procedure. From this I will then be interpreting the calculated data to get the top CC picks or our watchlist of candidates.
Thanks in advance for your help.
G
From: Larry Grimes <larry.grimes@
To: ConservativeOptionS
Sent: Mon, December 21, 2009 7:39:28 AM
Subject: RE: [ConservativeOption
Gilbert,
Let me know what you need – I have some time to volunteer.
LG
From: ConservativeOptionS trategies@ yahoogroups. com [mailto:Conservativ eOptionStrategie s@yahoogroups. com] On Behalf Of Gilbert
Sent: Sunday, December 20, 2009 7:30 AM
To: ConservativeOptionS trategies@ yahoogroups. com
Subject: [ConservativeOption Strategies] Re: Long-Term Growth Strategy
Hi Larry,
Again, the strategy parameter are all layed out. Just going to have to go through the motions with each type of market to really get it under the belt. It does shoot for the stars - but loss management is keen.
The market may very well be setting up for a better return for my system, so we eant to get going ASAP.
I still need help with data entry into spreadsheets or writing prose.
Please get back with me ASAP.
G
--- In ConservativeOptionS trategies@ yahoogroups. com, "Larry Grimes" <larry.grimes@ ...> wrote:
>
> Gilbert,
>
>
>
> I would be interested in the details of your program and how I could participate. I not a newbie â€" trading CCs and NPs for a couple of years, but you can always learn more.
>
>
>
> LG
>
>
>
> _____
>
> From: ConservativeOptionS trategies@ yahoogroups. com [mailto:ConservativeOptionS trategies@ yahoogroups. com] On Behalf Of Gilbert
> Sent: Friday, December 11, 2009 10:34 AM
> To: ConservativeOptionS trategies@ yahoogroups. com
> Subject: [ConservativeOption Strategies] Re: Long-Term Growth Strategy
>
>
>
>
>
> I should also add that my step-by-step covered call training program will be free for volunteers, while their time will be minimal. Newbies that will paper-trade are the best candidates.
>
> Please submit your qualifications and/or interest. Amongst the 5 I hope to get someone with a bit of writing skills, while others can keep an Excel spreadsheet updated (or can learn this).
>
> I got good proven results for 11 years (~50% CAGR). From 2007-2009 I returned 17%, while the market lost 28%. We'll just take every posted trade (about 15 per month) and map out the return versus the market (Nasdaq). CC gains should exceed this by about 25%+ in 12 months.
>
> After one year of complete - given the individuals stick to the plan - training can be used (beating most) for life. If I get a good initial response, I can then post more of the details.
>
> G
>
> --- In ConservativeOptionS <mailto:Conservativ eOptionStrategie s%40yahoogroups. com> trategies@yahoogrou ps.com, "Gilbert" <gilbert_arevalo@ > wrote:
> >
> > Hello Group:
> >
> > I'm thinking of starting a new covered call investment strategy group. Although I've kept up my trades these last couple of years, I haven't been that involved with covered call training.
> >
> > I got good proven results. I think it would be beneficial to take 5 volunteers for one year to discuss trades. Not sure if many here would be interested. These are my (system design) keys:
> >
> > (1) long-term prospects (2) calmar ratio* (3) scalability (4) time involvement (5) automation quantity.
> >
> > *CAGR/DD (compounded annual growth rate/(max drawdown): ~2.5 (50%/20%) Please note that this is a MULTI-YEAR average that depends on the Nasdaq composite's annual return. But system approximates a 40% annual out-performance for over 10 years.
> >
> > G
> >
> > --- In ConservativeOptionS <mailto:Conservativ eOptionStrategie s%40yahoogroups. com> trategies@yahoogrou ps.com, Gilbert Arevalo <gilbert_arevalo@ > wrote:
> > >
> > > One way to look look at my high-growth covered call investment strategy - is that I only take what the market gives.
> > >
> > > When I get a LONG call signaling the market uptrend may once again resume - I test the waters, with a CC play. If after a spell or a few days this does well or otherwise moves ITM (remember these are written against leading growth stocks) I'll then enter a second CC position. As we move toward expiration - with a successful rally call - I can get fully vested and capitalize strongly with CC premiums and perhaps some stock appreciation.
> > >
> > > I do this as often as the market allows in each and every year, with good results. As we head into the new emerging bull market, I fairly certain my CC growth approach will gain serious traction.
> > >
> > > Otherwise I am out. If I get consecutively stopped out of my CC positions, most often the rally is killed dead and we enter a correction. Apparently this system doesn't ALWAYS work as the last 4 months dictate, but I am only concerned that it *works* during the majority of market cycles.
> > >
> > > If the position stop is stock-specific I take a relatively small loss and move on to the next. Eventually I am fully vested. Again, (overtly-scrutinize d) stock selection I have factored out of my strategy
> > >
> > > Getting stopped and containing losses is not a bad thing. It has saved me time and again. Also, ALWAYS the market contracts allowing for successful re-entries from cash to out-gain the indexes further. I guess I have to live with temporary (and sometimes prolonged) periods of lackluster performance and at (rare) times perhaps under-performance.
> > >
> > > However, things always do average out fine in the long run.
> > >
> > > G
> > >
> > >
> > >
> > >
> > > ____________ _________ _________ __
> > > From: Ali Pashaei <ali.option. investor@ >
> > > To: ConservativeOptionS <mailto:Conservativ eOptionStrategie s%40yahoogroups. com> trategies@yahoogrou ps.com
> > > Sent: Mon, December 7, 2009 10:03:43 AM
> > > Subject: Re: [ConservativeOption Strategies] Re: Long-Term Growth Strategy
> > >
> > >
> > > Gilbert Says:
> > > >>I can't really significantly change my strategy. After all it has continued to work for over a decade.
> > >
> > > I agree with you 100%. You have a strategy that has worked for you over the years under different market conditions. It is wise not to change it significantly - as you've said. Once again, thanks for sharing it & I hope you continue to due so. It's also best to keep things as simple as possible, which I believe you are doing.
> > >
> > > The only two areas that I would continue to research are your stop-loss level selection to see if there are methods that would reduce whipsaws. And also a plan for dealing with sudden and massive gaps due to a surprise news where the stock might lose 30+% of it's value over night such that stops would not help.
> > >
> > > I like what Dr. Alexander Elder says & I'm paraphrasing: "Good money management is not as important for bad traders as it is for good traders since bad traders are not going to be around long enough to see the unexpected moves. But if you're a good trader, you need exceptionally good money management, since you're more likely to see a large unexpected move against your position. The longer you're in the game, the more likely you'll experience one."
> > >
> > > He manages that risk by mainly going long low price stocks - there is the natural floor of zero. I manage it by having protective puts (even if they're way OTM) against all my positions. I think of it as insurance. I'm willing to pay for health, car, home insurance - so why not stock insurance - which has a higher probably of crashing.
> > >
> > >
> > > - Ali
> > >
> > >
> > > On Sun, Dec 6, 2009 at 10:12 AM, Gilbert <gilbert_arevalo@ rocketmail. com> wrote:
> > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > >
> > > >
> > > >>
> > > >
> > > >>
> > > >
> > > >I can't really significantly change my strategy. After all it has continued to work for over a decade.
> > > >
> > > >>My recent trades - since mid-AUG - have told me just what they have have always been telling me. The market is too risky to be that exposed into the types of CC's I manage. The excess risk (volatility) WILL eventually be wrung out to make my CC trading environment less risky (= more gains).
> > > >
> > > >>That is ok for a "season". It is just odd to see the market move significantly higher during this period and yes this has irked me. At least in 2007, when I basically tracked the Nasdaq, I kept pace - knowing a market turn would come and I could then out-gain the composite further.
> > > >
> > > >>With the turn of the new year in 2008 - the market dropped, I went to cash and into my "wait-and-see" mode until the market put in a bottom. The ensuing rally period allowed for my system to then vault 20% in about 2 months. That - plus avoiding the loss from the nearly 20% drop again set my near-term (one-and-a-half year) growth and out-performance back into my standard range.
> > > >
> > > >>Furthermore, gains were held in late-2008 (see link in original post or http://tinyurl. com/y8q3fep) .
> > > >
> > > >>Yes, I could incorporate an adjusted version to my trading system, when I see an environment like this, but a huge 70% outperformance in '08 is probably just coming back to norm. I know this conservative forum is probably not the right venue to discuss my high-octane system, but this approach to CC writing has not (yet) adjusted to shoot for lesser gains.
> > > >
> > > >>Just going to wait this one out - not that I don't keep learning (my notes): Key lessons investors should learn from 2009? First, I would say that in a tough market like this, you realize how crucial good stock-picking really is. CC's under-performed (while select top stock buys probably did better). Entries were not scrutinized enough. Nothing has changed. Lesson learned.
> > > >
> > > >>G
> > > >
> > > >>--- In ConservativeOptionS trategies@ yahoogroups. com, John Hudgens <jdhudgens2000@ ...> wrote:
> > > >>>
> > > >>>
> > > >>> Gilbert, This may sound cruel
> > > >>> Â
> > > >>> You need to reassess how you are investing. If you didn't make money this year, your strategy is wrong. You have a good strategy for low IV stocks and a poor strategy for high IV stocks.  ASIA dec 25 has an IV of 54 compared to an IV 15.5. So you would expect
> > > >>
> > > >> ASIA to trade between 12.5 and 37.5 67.5% of the time in the future. It has been remarkedly well behaved recently.Â
> > > >>> Â
> > > >>> Consider the ASIA chart, with a ten day moving average added. (appended below) Stock valuation is generally treated as a random walk and as such generally is disributed in a gaussian fashion around a mean. In this case, we will be using the 10 day average. Between now and expiration, you should agree that the stock is likely to move as much as it as recently relative to that average, I hope. That movement looks like $3-5, not $2.15. You had a logic for you stop, but the logic was wrong for the situation.  The minute you set your stop at less than the likely movement of the stock, You said: I am going to be stopped out! Your stop was pragmatic, but not rational.
> > > >>
> > > >>
> > > >>> Â
> > > >>> Â
> > > >>> Â
> > > >>> Â
> > > >>> I know mine is wrong for a down market (don't know yet how to adapt) and I am probably ok for sideways.
> > > >>> Â
> > > >>> Â
> > > >>> This is not a brag, but this is my first options year and I am averaging multiple% per month with one down month while I couldn't be on the internet (stuck in Alaska). I am sure I am trading more than you. I do not use hard stops, but I am now very picky about what I trade. I spend at least 10-12 hours a week researching and reviewing to make sure that I am under control.  I am learning about MACD and SL signals, Slow stocastic signals, Bollinger Band, Candle sticks etc. I watch tapes of option strategies. I look at Web sites (Seeking Alpha, ONN.tv, and others) for ideas. I do get IBD weekend.  I use the free webinars at Schwab, Options House, OptionsMonster. I even subscribe to Market watch options because it is inexpensive and I think  Larry McMillen is one of the smartest options guys out there. I learned early on that every whim trade has bit me in the rear. I learned my lesson with naked puts,
> > > straddles,strangles ,
> > > >>
> > > >> etc. I watched STEC gap down from 40 to 25 overnite. I fiigured out as did Dr Joe that writing against Leaps was way better than stocks, but he and I disagree about 2 year leaps and how to handle 1 year leaps when the stock appreciates, but there are 2 sides to every coin.
> > > >>
> > > >> Â
> > > >>> I do have fun money that I play iron condors: but we all have to have a divertisement. There are 2 types: low reward, low risk, and high reward, high risk-- I do both.
> > > >>> Â
> > > >
> > > >>> I can tell people pros and cons of many option services, but that is not the scope of this blog
> > > >
> > > >> --- On Fri, 12/4/09, Gilbert <gilbert_arevalo@ ...> wrote:
> > > >>>
> > > >>>
> > > >>> From: Gilbert <gilbert_arevalo@ ...>
> > > >
> > > >>> Subject: [ConservativeOption Strategies] Re: Long-Term Growth Strategy
> > > >>> To: ConservativeOptionS trategies@ yahoogroups. com
> > > >>> Date: Friday, December 4, 2009, 11:05 AM
> > > >>>
> > > >>>
> > > >
> > > >> Â
> > > >
> > > >>>
> > > >>>
> > > >>>
> > > >>> I'll also add that almost always, when I can't stay into my CC positions - the market is best handled with caution (minimal exposure). Sad thing, the market kept rallying after stopping me out these last 4 months!
> > > >>
> > > >>
> > > >>> It makes me at least attempt to get vested, but it has been a slow (8%) bleed from my account. I keep saying the marekt will eventually *have* to correct, but after 3-4 rounds of this - I'm quite sick.
> > > >>>
> > > >>> Glad to know that long-term prospects are still in order. But just like to get through to it. Like in 2007 with the market seeing a few 15-20% swings - was VERY difficult to gain any traction. But finally in late-2008 everything greatly came back into shape. I outperformed the market by 70%!
> > > >>
> > > >>
> > > >>> But it looks like now I had to then give some of this back. Reverting to the mean - or a more orderly market will be nice again.
> > > >>>
> > > >>> G
> > > >>>
> > > >>> --- In ConservativeOptionS trategies@ yahoogroups. com, John Hudgens <jdhudgens2000@ ...> wrote:
> > > >>> >
> > > >
> > > >> > What you got caught in was a blip in a stock with high IV -- if you want tight stop losses, you cannotÃÆ'‚ do cc onÃÆ'‚ stocks with high IV
> > > >>> >
> > > >>> > Go toÃÆ'‚ Yahoo,ÃÆ'‚ pull up ASIA, go to basic tech Analysis click on the 10 and 20 day and bollinger bands.ÃÆ'‚ click on 3 month ÃÆ'‚ Your stockÃÆ'‚ has been ÃÆ'‚ bouncing arround the 10 day and off and below the 20 day average.ÃÆ'‚ Your stop and the 20 day average had to intersect.ÃÆ'‚ Your only hope was that the collisions would occur after expiration..ÃÆ'‚ ÃÆ'‚ Stocks will flutuate between bolinger bands!ÃÆ'‚ ÃÆ'‚ ÃÆ'‚ (They represent the 2 sigma spread of moverment in price)ÃÆ'‚ This one just hasn't got around to the lower one yet.ÃÆ'‚ Sure has messed with the upper one tho..
> > > >>
> > > >> > ÃÆ'‚
> > > >>> > If you want to do a little more tech analysis, add macd and slow stocastic to the mix.ÃÆ'‚ Right about the time you bought, the Signal line started going abouve MACD-- indicative not going up and the Stoch D went avoveÃÆ'‚ the Stoch KÃÆ'‚ ÃÆ'‚ also not up -- so you had 2 downward pointers just after you bought.ÃÆ'‚ Understanding all this is way beyond an email, but depending on your broker, you should be able to find more information.ÃÆ'‚ But simplisticly the crossing of the MACD envelope and the signal are generally interpreted as either buy or sell signals.
> > > >>
> > > >> > ÃÆ'‚
> > > >>> > If you like the stock, this why I say buy a married put.ÃÆ'‚ You could buy a June 22.5ÃÆ'‚ put for $3.60.ÃÆ'‚ Assume the stock stays at $25.ÃÆ'‚ Write $25 calls d, j, f, m, a, m,ÃÆ'‚ for $2.50 andÃÆ'‚ then sell the june put for $3.ÃÆ'‚ Note, today, the dec 22.5 dec put is going for $3 --why,ÃÆ'‚ cuz it has $2.50 of intrisic value and $0.50 extrinsic value. So the insurance really only costs $0.60 cents or a dime a month!ÃÆ'‚ I think that may be less than you lost!ÃÆ'‚ And had you not been stopped out, you would now be ok!
> > > >>
> > > >> > ÃÆ'‚
> > > >>> > ÃÆ'‚
> > > >
> > > >>> > --- On Thu, 12/3/09, HankF <hanksterr@ ..> wrote:
> > > >>> >
> > > >>> >
> > > >>> > From: HankF <hanksterr@ ..>
> > > >>> > Subject: [ConservativeOption Strategies] Re: Long-Term Growth Strategy
> > > >>> > To: ConservativeOptionS trategies@ yahoogroups. com
> > > >>> > Date: Thursday, December 3, 2009, 3:06 PM
> > > >>> >
> > > >>> >
> > > >
> > > >> > ÃÆ'‚
> > > >
> > > >>> >
> > > >>> >
> > > >>> >
> > > >>> > Thanks.
> > > >>> > I Appreciate the clarity.
> > > >>> > Hank
> > > >>> >
> > > >>> > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ ...> wrote:
> > > >>> > >
> > > >>> > > Sure. Here is a recent position opened that subsequently triggered my "Stop-Loss" target:
> > > >>> > >
> > > >>> > > Monday, November 16, 2009
> > > >>> > >
> > > >>> > > Bought 100 shares of ASIA (AsiaInfo Holdings, Inc.) at $25.64 (ask).
> > > >>> > >
> > > >>> > > Sold (1) ASIA Dec 25 (EUJLE) call option contract at $2.10 (bid).
> > > >>> > >
> > > >>> > > Stop Loss: $23.54
> > > >>> > > - -
> > > >>> > > Friday, November 27, 2009
> > > >>> > >
> > > >>> > > 9:34 am EST
> > > >>> > >
> > > >>> > > Bought (1) ASIA Dec 25 (EUJLE) call option contract at $1.15 (ask).
> > > >>> > >
> > > >>> > > Sold 100 shares of ASIA (AsiaInfo Holdings, Inc.) at $23.54 (bid).
> > > >>> > >
> > > >>> > > Annoyingly I took a loss - only to see the stock move back up! But better safe than sorry.
> > > >>> > >
> > > >>> > > G
> > > >>> > >
> > > >>> > > --- In ConservativeOptionS trategies@ yahoogroups. com, "HankF" <hanksterr@> wrote:
> > > >>> > > >
> > > >>> > > > Gilbert,
> > > >>> > > > Terminology again.
> > > >>> > > > What do you mean "stopped"?
> > > >>> > > > Do you mean your short calls get stopped out or the stock?
> > > >>> > > > Examples are always better than just words.
> > > >>> > > > Thanks.
> > > >>> > > >
> > > >>> > > >
> > > >>> > > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ > wrote:
> > > >>> > > > >
> > > >>> > > > > Sure: Stock Purchase Price - Option Sell Price = Stop Loss Target
> > > >>> > > > >
> > > >>> > > > > For over ten years and through two horrific bear markets these have been a boon to my strategy. Since I sell covered calls against leading growth stocks in an uptrend. . .when these begin to get stopped - one after the other - most always this is a pre-cursor to a significant market decline.
> > > >>
> > > >> > > > >
> > > >>> > > > > Once a new rally is successful "confirmed" (per IBD rules), I am back in selling like mad, month after month, until the cycle starts all over again. Works like a charm - and in fact out-performs even IBD's CAN SLIM #1 Investment Strategy as independently audited by AAII.
> > > >>
> > > >> > > > >
> > > >>> > > > > G
> > > >>> > > > >
> > > >>> > > > >
> > > >>> > > > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Bob Hug" <rchug@> wrote:
> > > >>> > > > > >
> > > >>> > > > > > Hi, Gilbert:
> > > >>> > > > > > What are your stop methods? Thanks!
> > > >>> > > > > > Bob
> > > >>> > > > > >
> > > >>> > > > > > ----- Original Message -----
> > > >>> > > > > > From: Gilbert
> > > >>> > > > > > To: ConservativeOptionS trategies@ yahoogroups. com
> > > >>> > > > > > Sent: Tuesday, December 01, 2009 9:02 AM
> > > >>> > > > > > Subject: [ConservativeOption Strategies] Long-Term Growth Strategy
> > > >>> > > > > >
> > > >>> > > > > >
> > > >>> > > > > >
> > > >>> > > > > > Hi. I am new to the board with a recent reply:
> > > >>> > > > > >
> > > >>> > > > > > Re: Let's Get the Site Active Again !!
> > > >>> > > > > >
> > > >>> > > > > > My covered call strategy is no doubt a lot simpler than most. many a "mantra" I
> > > >>> > > > > > take from IBD like: "The safest place to be during a market downtrend is in
> > > >>> > > > > > cash."
> > > >>> > > > > >
> > > >>> > > > > > My stop methods got me cashed out before the big 21-day drop
> > > >>> > > > > > (http://tinyurl. com/y8q3fep) and back in on the 12-Mar-2009.
> > > >>> > > > > >
> > > >>> > > > > > G
> > > >>> > > > > >
> > > >>> > > > > > I see the board hasn't been active much until recently. It has been an interesting couple of years for my covered call system - perhaps that played some part in this.
> > > >>> > > > > >
> > > >>> > > > > > IMHO I think the current market rally has nearly run it's course and that when (not if) we get a market correction (>10% decline) a lot of the remaining excess (market volatility) will be removed - to once again make a prime environment for my CC strategy.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > I can share a lot and will make an attempt to update regularly so let's start by saying in this forum I will speak mostly on what I know best regarding option strategies: covered calls.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > I've been very focussed in this area of trading for over 10 years - and I've seen almost every kind of market environment. How does it apply to my long-term approach?
> > > >>> > > > > >
> > > >>> > > > > > I sell covered calls against underlying market-leading growth stocks during flat-uptrending market periods. IBD helps me with indicating
> > > >>> > > > > > "tops" and "bottoms". I cash out during market corrections and bear markets.
> > > >>> > > > > >
> > > >>> > > > > > This system has worked quite well for over a decade. If any are interested I can share some of this with you. Key to my high-growth strategy are maximizing the effect of "compounding" monthly returns - while keeping tight rein on losses in the event of a downturn.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > My stop methods have proven to be integral in the success of this strategy. My CAGR or compound annual growth rate is superb and max drawdown well-contained - all key to a true long-term winning strategy.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > My stance right now is "Caution" and I have pared back to limited exposure - taking my cue from institutions on whether or not the stocks will move higher or fall off and correct.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > I can be quite nimble and patient - but I do not hold onto losing positions. When the trend is our friend - vehement gains can be made in a fairly safe and conservative manner. . .but I cash out (stop=stock purchase price minus option premium) during uncertainty.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > Fortunately, phasing in and out of market trends has been consistently profitable. Ramped up gains over the years have for the most part been retained using my stop methods.
> > > >>> > > > > >
> > > >>> > > > > > I have had to be cautious these last few months - while the market run continued. Perhaps in the near future we'll see the next sudden decline and a subsequent move off the bottom making my strategy less risky to get fully invested again in covered call positions.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > I would like to share this with those interested, since I've monitored most all cc strategies and find my result to be tops. Many may have been exposed along with the added risk this past half-year to gain more in 2009 (while I simply made sure past compounded returns are retained), but with my system you have to take in many or all market years.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > Getting risky in one year for a temporary jump in gains may very well work against you bringing sudden severe drawdown and steep account loss, rendering years of system gains worthless. If one is patient, no gains for a while will bring much gains and/or outperformance as I've seen time and again.
> > > >>
> > > >> > > > > >
> > > >>> > > > > > Like I say with investing using covered calls or most anything -- a steady high-growth compounded average managed for YEARS is the surest way to long-term prosperity and great wealth.
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