Seeking Alpha
  • FortSumter
    Options can be your friend but quickly turn on you. My THLD calls went from up 110% to down -60% in 3 days.
    7/12/12
    Reply (10)
    • DaLatin: Every time I read these posts I get teary.*****sick ! Thats sad ! Greed kills ! A tiny profit allows millions of trades ! Tiny loss adds up
      7/12/12
    • DaLatin: and soon your out. Never let a gain get away esp a monster one. U just lost 4 attaboys FS
      7/12/12
    • FortSumter: Hear you loud and clear. Just started trading options and still learning the ropes. Have had big winners and losers. Jury out on my success.
      7/12/12
    • DaLatin: A small loss can b as important as big gain.Time aint your friend ! Take losses fast & watch like a hawk the gains & takeum.Top r 4 geniuses
      7/12/12
    • apspice: Stops are always advised on options.
      7/12/12
    • John R. Conway: Every trade is always a lesson-just like doing a mission-measure sucess in your sucessful trades and not how much money you make
      7/12/12
    • DaLatin: Agree,but, contrary to many on SA stops are advised on ALL symbols all the time. If your stopped u may really save a bad ride !
      7/12/12
    • John R. Conway: Depends on what king of trader you are and how much you are willing to lose. What if you want to build a position?
      7/12/12
    • DaLatin: JC, i've learned that no matter how old u r until u can lerne from others mistakes u can't mature.Those who insist on making own r doomed !
      7/12/12
    • apspice: If you want to build a position i would rather sell puts at a strike you are comfortable owning the stock at. Keep premium if never triggers
      7/12/12