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Some common sense has finally entered the picture. congratulations! Ira
Tom Alexander wrote:
> I'm happy for anyone that has a successful trade. However, buying deep out
> of the money oex options on hunches, opinions, messages from beyond, etc.,
> etc., is the antithesis of a sound trading plan that will yield successful
> long term results.
>
> I continue to wince at this thread every time I this thread because it
> gives an incredibly false opinion of what is required to be consistently
> successful trading the markets. I hope new traders will conduct a bit more
> rigorous study of trading and of how to trade options before attempting to
> emulate a trading style that will ultimately fail.
>
> Yes, assuming (big assumption) profits have been taken on this position it
> has worked. However, craps, roulette and slot machines occasionally "work"
> too.
>
> Regards,
>
> Tom Alexander
>
> ----------
> > From: James Knox <knox1@xxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Luau in Hawaii!!! OEX..."Price Action"...
> > Date: Tuesday, September 01, 1998 1:08 AM
> >
> > Thank You to the RT Forum for allowing traders like Gary (Hawaii) to
> > share their insights with us. Gary's thread has been very valuable to
> > me, and I thank him for that as well. I'm going to start looking at the
> > way I think about trading, a little bit differently now. Trading is a
> > very personal experience which is complimented by the mechanics of
> > technical and fundamental information. It appears after following this
> > thread, there is alot more room in the "blend" than I have been
> > allowing. Over the last week, my trading has been better for it.
> > Great Job Gary! It's Official! You Called It! Now Enjoy The Ride!
> >
> > James
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