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buying options are pretty much a losing proposition, as not
only do you have to be right on direction you have to be
correct on time as well. they are very very tricky, and
unless you are a professional you would do better to stay
away from them. as well, most professionals will actually
trade the index futures and use options only as an occasional
hedge. if you are new to options, the probabilities are high
that you will lose every dollar you have before 6 months are
out. I should add as well that futures are also a risky
proposition, but at least you have the luxury of not having
to be as correct with time as with options.
if you want some bang for the buck, then use the futures.
if you don't want that risk but still want some bang, then
you can always use margin with the index-tracking stocks.
Jim
---- Original message ----
>Date: Wed, 29 Dec 2004 18:04:59 -0500
>From: "RB" <rhodes@xxxxxxxxxxxxxx>
>Subject: [RT] Options trading advisors?
>To: <realtraders@xxxxxxxxxxxxxxx>
>
>
> A friend ask me this week if I knew anything about Dr. Terry F.
> Allen. Website: http://www.terrystips.com/index.shtml.
> or knew of any other good honest option advisors that gave good
> honest trading advise, with a good track record with minimum to
> small risk. My friend is mainly talking about letting the
> broker put in the exact orders as the option advisor says.
> Mainly autotrade the account.
> Anyone know anything about some good option advisers that offer
> that? And he is looking for someone who makes a few trades per
> week-month. Not the ones who make many, many trades and
> advertise the few that make 200%. I think he is mainly looking
> at the cubes and spyders. But not sure.
> Any ideas on this would be helpful.
>
> Thanks,
>
>
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Jim Curry
Market Turns
jcurry@xxxxxxxxxxxxxx
www.cycle-wave.com
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