|
PureBytes Links
Trading Reference Links
|
Jawad;
This is a PS to my comments below. I started trading stock index
futures in 1982 and made back my 30K and a lot more. I do NOT
recommend you try futures. If I was your father and know what I know, I
would lock you in your room until you were 30 years old and then allow
you to loose a little bit of money on futures.
I would be willing to bet you will trade options because you have the
bug, You think you can make money without much work. If you make it,
you will work for it believe me. I look forward to comments from other
members who have been around, so to speak. You will not listen to the
words of wisdom, you will have to learn it the hard way, unfortunately.
Norman E.
Norman Phair wrote:
>
> Jawad:
>
> It is almost midnight in California. I will go to bed in an hour and get
> up at 6 am for the market. Some have said I was a little crazy, they may
> be right. I could write here until my hands fell off telling you to
> joins options anonymous
> now, but it probably would not do any good.
> I made my first options trade in 1959, before even I would wager your
> father was born. My big mistake was I made money on my first trade.
> Then I proceeded to loose what I made and more on top of it. I did very
> little in options until 1980 when I built up some equity in my house. I
> borrowed $50,000 and proceeded to lose 30k of it in the next 6 months.
> I joined OO (options anonymous ). I took another stab at in in 1996
> through 1998, I am sober now I think. On average you will pay a 10%
> premium for options running 1 month. Multiply that by 12 months you get
> 120% you have to make plus commissions. The odds are against you I am
> sure you will get many more people telling you to forget it. the
> exchange wants you to trade so they can make money. Take a little bit
> of money have some fun and go to Los Vegas or Atlantic city. You may
> not live in the USA. Leave them the money so they will like you. Join OO
> and stick with stocks or whatever turns you on.
>
> Norman E. .
>
> jawad wrote:
> >
> > I don't know if any of you remember me because i have
> > not been that active on this server, but i am the 16(i
> > turn 17 on april 23) year old kid who started with
> > 3,500 and went to 21,000 and i had asked if that kind
> > of return was usual. Well i learned my lesson. My
> > 21,000 went down to about 9,000. Then will the help
> > of a couple IPOs that i got at the IPO price from
> > e*trade(Mltx, Flas, VUSA, MMPT)and my recent options
> > trading i have brought my net worth to over 50,000.
> > The best options plays i have had are egrp, amtd, and
> > dclk. HUGE returns on them, this stuff is fun :-) But
> > i should say my first ever options trading experiance
> > i lost 100% of the money i invested and that was in
> > orcl. Anyway, i just wanted to update anyone who
> > cared. Now i want to go to an options training
> > seminar. The title of the seminar is Using Options in
> > Today's Volatile Market. It is done by the CBOE, and
> > there is no age restictions(i asked). I am
> > considering going to it. The cost is $100, and it is
> > for sophisticated investors only. I have been trading
> > options for a while now and i understand them quite
> > well, but i think the more i can learn the better off
> > i am. KNOWLEDGE IS POWER. If anyone can give me some
> > input of the usefulness of this seminar that would be
> > greatly apericated. Oh and if anyone has any
> > questions or comments to me about my trading or things
> > like that just feel free.
> > Thanks,
> > Jawad
> >
> > P.S. I would just like to add that is message board
> > has been very helpful to me. I may not have been
> > activly participating, but i have been reading the
> > posts. I would just like to take this chance to thank
> > all of you again and to commend all of you on your
> > knowledge and willingness to share it.
> > Thanks again
> >
> > _________________________________________________________
> > Do You Yahoo!?
> > Get your free @yahoo.com address at http://mail.yahoo.com
|