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Gregwit

05/06/14 10:21 AM

#1692 RE: aparatchik #1689

Add and hold for 5-10 years without looking at it everyday.

newmedman

05/06/14 11:01 AM

#1693 RE: aparatchik #1689

I think options are the best way to hedge your long position. It took me awhile to get comfortable with puts and calls myself but I eventually learned the ropes.

The CBOE website is a great tool that I learned a lot from. They allow you to open up a "fake" trading account where you can test your strategy without risking any money. A lot of my questions were answered there as well.
http://www.cboe.com/default.aspx