Dr Joe
Please correct me if I am wrong, but U R advocating dollar cost averaging if the market falls by 7 - 10%(or at whatever level), & I gather ken adopts a similar strategy.
However, big money manager and gurus like alan farley and mark douglas make a point that one is throwing good money behind the bad and that market can drop further than one has the deeper pocket.
As you have been doing this practically, I am inlined to listen to u and others who put their money where your mouth is. How often does this dollar cost averaging work, and how often do u feel that a point has reached where u cant afford to put any more money in the trade?
many thanks for the help
sean
--- In ConservativeOptionS
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> ken, also my paper updated 07/15/2008 never mentions percentage drop to purchase additional leaps. the previous version did however. my paper states purchase additional leaps if the current leaps do not generate sufficient monthly income. this does usually happen around 7 to 10 % drop. drjoe
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