Rule-Based Trading Systems

[kenwong]

Fast_Eddie: Options

Eddie,

Can I ask how you personaly trade options?

For example, how do you select a particular put or call (strike price, month)? Do you use market or limit orders? In the money or out of the money? Do you avoid using optons as OE closes in?

Thanks,

Ken

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Posted by: fast_eddie
In reply to: capt_jmj who wrote msg# 662 Date:12/8/2006 11:45:48 AM
Post #of 668

If you read the trading literture, most of the wiser traders seem to scale in as it's going up - Bill O'Neil and the like.
If you are sure of the bottom, scale back in. My brain tells me to wait until I've exceeded my entry price, but fear, greed, and all the other emotions enter in and I pay no attention to wisdom.