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Re: Options7 post# 3559

Wednesday, 02/06/2013 1:49:53 AM

Wednesday, February 06, 2013 1:49:53 AM

Post# of 6242
Hey Jeff, who's ...

reading whose mind? :) That's great news, I wish you the best of luck with your F calls. :) :) That's funny, I'm telling you about that F strike price and 200 of those calls are yours. I like that strike because it's further out giving a greater chance for success. I can't give trading advice, however, 200 calls is $20,000 per in-the-money point and that is sufficient. Save the rest of the investment/trading capital for diversification and/or if those options don't work and you want to try a different strike price and time on the same or other stock in the future. I hope that you are taking some of your investment winnings out of your trading account and putting it in your savings account regardless of the low interest rate. Don't leave too much money where you are too easily tempted to spend. Beware of "tradeitis," my coined word, which is a mindset where traders are driven to make that next trade. When you make a big win, leave the table, shut down your PC or mobile device, and walk away. "Know when to hold them, know when to fold them, and know when to walk away." :)

Keep up your good work!

Best of trades to you.

Bob

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