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Hello John,
JM> Good question Mark. How do you manage trades that have gone against you? Do
JM> you use tight stops, sell covered calls (ugh), buy puts(ugh,ugh), offset the
JM> trade in another market?
none of the above i am a seller of naked premium, yes the the guy who
puts up his house as collateral to gain a bicycle as it has been
described by some. i do trade actual futures also but i only
implement selling option premium when the trade has exceeded its 75%
percentile average largest profitable outlier get it? 99% don't and
thats ok with me, i am satisfied that at least i did disclose what i
do. if everyone did get it then it would not work. m
JM> John Manasco
ps of the three items you mentioned above only one is what some pros
do use which really facilitates the liquidity of the markets. guess
which?
--
Best regards,
Mark Brown mailto:markbrown@xxxxxxxxxxxxx
Y = Offset + Amplitude * sin(Frequency * X)
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