OPTIONS TRADERS CO-OP

[smartone]

well as i said .. sometimes macro things come into play
now you know when a high beta stock has a major unlocking and it gets hammered
it is not going to bounce back that first day -

i mean i have been there and taking some bad losses - but it would have been better for you to take your 40- 50% haircut and still had money -
capital preservation is key

the thing paper trading taught me is although Roy and I trade the same type of high beta stocks - I rarely get the multiple bagger - he is the master
so by paper trading I got to I know my range of winning percentages - now when i trade and I am looking at at 15% win .. and the indicators are telling me to exit -- I exit and don't hope for magic to happen and it suddenly become a 3x trade

Roy always talked about his goal in trading it to try to hit singles and doubles .. that is my attitude now
there are other boards on here that do LOTTO trades .. they always trumpet their huge 5x wins but they never talk about the 15 other trades that failed before they got to their LOTTO win

my goal has always been winning percentage and minimizing losses
for example right about my tsla win today i took an apple loss.. once the trade went south on me I did not panic but I tried to get up with as small a loss a possible

there is always another trade

BOT AAPL (Weekly) May 9 2014 590 Put 1.28