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Jerry Olson

02/28/03 1:52 PM

#81548 RE: was Steve #81547

STEVE TRY FUTURES

NICE...
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mlsoft

02/28/03 1:53 PM

#81550 RE: was Steve #81547

Starting to ease back into shorts at higher levels - hope they do better this time.

Also added a trading position in GLG, which is now out of line with the rest of the group on the downside.

mlsoft


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TREND1

02/28/03 1:57 PM

#81554 RE: was Steve #81547

Steve
Before you try futures
make sure you under stand you can lose "MORE" money then
you place in the hands of the futures broker.
If you have a car and house, you can lose those two(g)


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exp

02/28/03 3:32 PM

#81630 RE: was Steve #81547

steve, apparently very, very few (if any) are making money consistently over a longer time period by buying calls/puts and then selling them later...
possible reasons:
(1) need to have a very reliable trading system with a high win probability
(2) need to have extreme discipline in trading to avoid large losses
(3) need to trade only certain types of options (likely ITM) with adequately distant expiration dates
(4) need to factor in premium dissipation in addition to price moves by watching vix/vxn/qqv moves
(5) need to be very conscious of high leverage provided by options relative to equities
...having said all that i personally have not traded options...just observed those that trade them and the movement in index prices and premiums vs options prices (for qqq/spx)