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Nolerman

10/21/13 9:10 PM

#6963 RE: Surfint #6962

No problem, I know many here play shares outright, and that's probably wise if you don't have the experience with options (especially with the twins). It's the pipe dreamers who get eaten alive with high premium, OTM, long expiration calls/puts. They are who I prey on with my selling of options. I trade options, but I have a core portfolio where I swap tranches of shares, but not often. For instance, I sold a lot of GOOG (today) and about a quarter of my FB (last week) in anticipation of making moves on Twitter. If you consider moving into options I recommend paper trading for a bit. The profits are unreal, but the losses can be too. Setting strict rules for yourself are a must. I generally never use more than 10% of my trading account on any trade and that's for a HIGH probability trade. Most often 2-5% is par for the course. Another I use is to set a goal of 20% (or whatever you're comfortable with. It only takes a 2% move in SP and can often be locked in (if you're DD is correct) the next day in the first 30 minutes of trading. One thing I have learned is that 8 base hits scores more than 1 home run....and compounded returns are a beautiful thing. But....the big ones do come, and more often as you get better at it. In the last 3 weeks I've made more off these two twins trading than I care to admit. Sometimes the timing and luck just make for a perfect (and profitable) storm. GL to you budette