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CalaxCorp@xxxxxxx wrote:
> In a message dated 98-06-03 13:26:49 EDT, ResearchDepartment@xxxxxxxxxxxxxx
> writes:
>
> <<
> Three rules my old mentor gave me when I went to work for him:
> 1. I never met a paper trader that ever lost any money.
> 2. Don't ever mention anything about Elliott Wave to me.
> 3. You can not buy an option, you can only sell them.
> --TC >>>>
>
> TC,
> On your number 3, do you mean "You SHOULD not buy an option, you SHOULD only
> sell them" instead?
> Please clarify.
Yes, my X boss traded funds for two of the Market Wizzards mentioned in the book of the same name.
90% of my X bosses trades were selling Option Premium. He always told me that buying options was a
suckers game. I believed him and have respected his credo, to this day I have never in my life
bought an option, except on a land deal once.
> Thanks,
> WilliamW
--
TC
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