Tuesday, December 1, 2009

Re: [ConservativeOptionStrategies] Re: DLS questions - note Newbies on this site

 

dear dr joe: I certainly hope i did not denigrate with my comments. indeed dr joe never did present the strategy as easy money. it is a thoughtfully developed strategy, indeed.


i observed a lot of positive interest in the recent release of posts to the group, but no negative comments. if indeed everybody has weathered the storm and is happy with their results, that would be fantastic. maybe i was the only one to have had a negative experience, and if i can help out by sharing my rule-breaking experience, i think that's constructive. we are here to learn from each other, aren't we?

who knows what the market is going to do? knowing how the strategy fares in a severe downturn is important. there is no "bail out" provision as i recall. Similar to "buy & hold."  maybe just some food for thought. best wishes to all.  ~gf

On Tue, Dec 1, 2009 at 2:22 AM, joe & leigh <gass20@aol.com> wrote:
 

greg, several points....no where in the paper is the mention of easy money nor have i ever posted that online. i spend the whole first part of the paper advocating building a portfolio of a buy and hold that you would have even if you knew nothing of the dls. then use dls equal to what a buy and hold would be invested. dls is less risk than buy and hold since you are generating monthly income even in a down market. as you said yourself, if you cut corners, leverage, etc you will get burnt by any option strategy. i still like dls and have not dropped it. i've traded short puts way before i developed the dls. its been one of the first strategies i've traded. i think i have always had at least one or two open short puts positions over the last 15 years...drjoe

__._,_.___
.

__,_._,___
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)