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Ben,
I can see how adding to a long-term
portfolio with a strategy like this would
be reasonable.
Uh. but in this case, how come you aren't just
writing options against your underlying? Why
the additional hedge?
Also, I would have to argue that what you are now
referring to is *investing*, not trading. In this
vein, again, would it not be more profitable to
use your long term equity in stocks as collateral
against more profitable and safer additions to
your investment plan? Hmmmm, by chance, your
broker isn't the one who suggested this strategy
is he? <g>
(Shrugging Shoulders) To each his own. Say, I just happened to
think of a book you might enjoy reading, since the strategies
are similar to some of your philosophies:
"Winning in the Options Market" By Allan S. Lyons.
This book is specifically for stock options traders. It is
superbly written and has many strategies of interest to
anyone who trades options.
Warm Regards,
Walt
Walt
Proffittak@xxxxxxx wrote:
>
> In a message dated 98-10-27 16:35:16 EST, you write:
>
> << All told, in the long run you stand to make 6% on your money
> if *everything* goes right, and your winning percentile of
> 80% holds.
>
> Given this type of investment ideal, it would be far better to
> invest in real estate tax lien certificates which would yield
> twice your projected percentile *gauranteed*, and with tax
> benefits.
>
> Still seem like a good trading strategy? :)
>
> Walt Downs
> CIS Trading >>
> you are correct again
>
> HOEVER. personally i only do it on stcks i OWN (with large cap gain ) which
> i would not sell.(bougbt in 1987)
> and this is COVEReD and margin used is the stock itself
>
> this is why bernie shaffer has dreams for investors
> and realistically you need MONEY to make MONEY
>
> happy trading
> Ben
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