============================================== I like the way Don Bright & Top trader Jim Rogers dont care much for buying options. All the patterns , many time frames ,Ive seen & occasionaly invested in are very complex . Add slippage to the complexity. +=========================================== ANY one want to speculate how Mark Weinstein [interview, Jack Schwager proved] turned 100k into 900k, in a recorded option trading contest??????????????????? I've meditated on that for years; [a] Mark Weinstein is honest; honest enough to admit that contest was organized by ''two traders on the CBOE floor'' Not by gunslinging; ultra conservative, quote ''without any pyramiding [using profits to increase leverage] [c]Mark does combine brillance with hard work; realized a big cat, like a lynx could be a role model for a position or swing trade. [A-Z] He admitted it was organized by 2 CBOE traders. Perhaps they started it at the start of a directional, trending bull market like this year. Perhaps thay also started it in the generally strong first or last quarter; admitted the contest was for ''3 months'' ================================= Perhaps Mark listened to that old pattern tape titled ''Acres of Diamonds''
don't worry bro.. the market will be your best teacher... and spank you if necessary! And remember this Mr. Market Wizard...... don't get too over-confident or complacent... beginner's LUCK is the kiss of death! :eek: Ice
I like to trade oex options on expiration day. The premium is almost zero. I usually put on a straddle and most of the time one of the legs works out. I also like to scale up and down low cost options. Risk is limited and one can benefit from the wild intraday fluctuations that happen on some days.