I recently started trading options, and am looking forward to learning more, and sharing lessons as well. I have to admit to being pretty darn good at predicting the markets' movements. You'll just have to take my word for it, because I don't have the financial record to back that up. My biggest problem, I think, has been that I have found so many excellent buy(or sell) situations, that I wanted (and still want) a piece of them all. I began by funding an account with 15 thousand. I started out, I believe, to have bought myself into an over-diversified situation. And I found myself being thin on capitol if the trade didn't immediately go my way. Just to buy one deep ITM for 2-3 months out, could cost as much as 10% of my account worth. And I don't ever just want to buy one contract. Every time I would do that and the trade went the way it should, I would sell it at a modest 20-30% gain. I would do this for fear that it would turn back and re-test the support I bought in on. Sometimes it would, and I could be glad that I sold before the value dropped, but other times it would just continue to soar on higher and higher without me. I want to have many contracts to begin with, so that I can sell some when the 20-30% gain comes, but I can also hold on to some in case the stock goes skyward. So this is what I found my self doing. In order to stay diversified, I would buy calls or puts closer to At the money, or even Out of the money, and sometimes expiring in less than 30 days! I bought these because they are cheap and I can afford to own many. But those things would rot and fall apart almost the minute they got into my hands. My common sense is telling me to keep it simple stupid. Keep the number of stocks low, maybe even to one or two. Reason being that I can start out buying the safer deep ITMs that go out a few months. If my stock continues to drop after I buy it, then I would have as much capitol as possible to buy more as it drops. I realize this method is probably contrary to many in here, as most advice I've read is to stop loss almost immediately. I have made very good returns though using this method, and every time I lost using this method, was because I simply didn't have enough capitol to buy the amount needed to complete a terrific rebound. I am addicted to finding great investment opportunities. I am plagued by both inadequate funds and a lack of patience. I simply don't have the patience to buy stock in a way that brings good returns over months or years, when I know there is a way to bring astounding returns in a shorter period of time, if I just had more capitol, and/or if I can force myself stay out of all the great opportunities I am finding. Dear Abby, what should I do?