I didn't think I was doing anything wrong! But since this is your Y! Group, I will defer to your judgment.
"...and trust me.....NO covered call writer over time who puts a stop loss at the stock price minus premium they receive .....long term is successful."
That's really funny, because I've been doing this very strategy for 12 years. I'll post all of my trades for my Group to see - that include said (2006, 2008 & 2009) rally periods!
". . .says a lot of what people thinks about the credibility of your strategy."
My system approach is completely audited, so no reason to get too excited. Right now I am down 3.5% with the market up about 4.75% - but that will change markedly, since I manage a higher risk/high return system.
Shouldn't be that long a wait, either - to get the Group buzzing. Nothing sleepy here:-) I do take exception to your railing, DrJoe. I understand that most systems have recently incurred much commission, with most likely just steep losses to show. Last week's drubbing made a mockery of late-'09 early '10 gains!
I'm a nice guy, but I am still interested in knowing what gains you've managed over the years. You see, the way I present my trading - I remove all ambiguity of bias. It's just unfair to lambast me without basis. I don't have to share my knowledge with the Y! Groups, but I do and for free! But you don't have to answer me, since like I said (it is your group), I won't trouble you any further.
G
From: joe & leigh <gass20@aol.com>
To: ConservativeOptionS
Sent: Tue, May 11, 2010 2:23:39 PM
Subject: [ConservativeOption
gil,,,,from now on DO NOT PASTE YOUR YAHOO GROUP>>>>>THIS IS SPAM FREE,,,i tolerated for a long time.....and trust me.....NO covered call writer over time who puts a stop loss at the stock price minus premium they receive .....long term is successful.. ....find another site to pump your returns and strategy.... .i will delete all posts with your group or website..... .dr joe and when 79 out of 110 of posts at your yahoo group comes from you or your website says a lot of what people thinks about the credibility of your strategy....
--- In ConservativeOptionS trategies@ yahoogroups. com, Gilbert Arevalo <gilbert_arevalo@ ...> wrote:
>
> The year, as expected, soon fell into a "correction" . In nature, it was mild - not truly removing most of the market froth. In fact, it did not "confirm" the market bottom - with volume - until it had already risen much.
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> Our "Green Light" call is typically real near the very bottom. Gains usually then unfold, but like the latter half of 2009 - the market's health was suspect as new highs were met in lessening volume.
>
> We avoided steep losses during the '08-'09 drop, then made a timely entry on 12-MAR-2009, our "Green Light" call. We then made about 15% in less than 2 months - but near mid-year price and volume action diverged - with volatility. . .capping gains.
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> All that the second half of '09 and the ineffective Q1 '10 correction did was to prolong the inevitable - which we saw last week. Volatility rocketed as buyers vanished amidst an awesome drop. Why is that significant? Once a correction "capitulates" or when participants throw in the towel at any cost, a market "bottom" can unfold into a *healthy* uptrend.
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> Currently we are in Stop Losses or our "wait-and-see" mode. You've now seen - on two occasions - our timely move to cash as our stop loss methods manage to avoid the corrections. Once a healthy new uptrend emerges, we'll again make a routine entry - very near the *bottom* - to allow for our high-growth CC strategy to compound another large return.
>
> This is a proven long-term approach that works well during early-, mid- and late- bull markets and avoids losses during corrections and bear markets. For more on this, take a look at gains off the 2006 summer correction - which lasted 4 months plus 2 more in '07 for a 45% gain -
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> and, to a lesser degree, the rally off the 2008 Q1 correction that (like '09) only lasted a couple months.
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> Although you've "only" seen us avoid taking a heavy loss (Remember: shooting for high annual returns requires tight risk controls to manage long-term or compounded growth) we are still expecting a good run on equity growth in 2010.
>
> It is best for you to learn with me ALL of these management phases - as they are equally important - if you expect to get under your belt a simple, high return CC system. Don't just chase short-term gains or mine, since by then mentoring space (FREE to Y! Group: http://finance. groups.yahoo. com/group/ CoveredCallFund- Mentoring/ members) may not be available.
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> G
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