drjoe, can you give some detail into your investment objectives (percent of account positions/cash, APY target/acutalized, etc.) I guess all I can do is demonstrate to you and others my trade-by-trade method and how they stack up against up-, down- and sideways trends. Since all of my trade data entries are graphed versus the Nasdaq, by year-end you can then determine risk/reward scenario and to see if I am doing anything different with covered calls than what you've already seen. Also the newbie can quickly come up to speed with how to trade CC positions, not to mention a decent approach to properly manage - with a long-term perspective.
G
From: joe & leigh <gass20@aol.com>
To: ConservativeOptionS
Sent: Mon, March 22, 2010 2:39:43 PM
Subject: [ConservativeOption
george i totally agree, i am not a believer of gils strategy, trust me it is not conservative and one should be cautious. i don't believe using that strategy during 2008 when just about ever stock was down 40% or more would provide income monthly..... ..drjoe
unless trading etf's i don't believe putting more than 2 at most 5% in one individual stock with at least 50% or more capital available in cash for adjustments is safe...drjoe
--- In ConservativeOptionS trategies@ yahoogroups. com, "gobw2" <gobw2@...> wrote:
>
> Gilbert - I find your trades quite interesting. I have done that. It is easier to keep up on 3-4 stocks, in fact, you can become a specialist on them. You get to know how they usually react, that certain movements during the day often signify upcoming change which you can profit from. You have to watch them like a hawk, and be ready to act in an instant, or possibly suffer big loss. If you have a very large position, you cannot enter stops, because the market maker will take advantage of them. In my opinion, this is NOT A CONSERVATIVE STRATEGY. Unless you spend all day in front of your computer, keep up on CNN, etc it is high risk. George
>
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