Replies to post #4012 on SPDR S&P 500 (SPY)

[farooq]

Geno34,
Please do not take more then 20 Cent loss in day trading other wise trade long term. Now with this much loss would it be better to have long double the Feb or March 44 calls and waiting for better price It adds a loss, but give you a chance to make some money in long run, I am just thinking loud. You will not cover all loss but with those you will not bleed any more. In medical practice First thing is to take care is airway clearance. Second stop patient bleeding. My previous post meant for you to consider buying those calls.
As plan I went long on 44.10 break out, now looking for 44.30 - 44.35.