Yesterday my family and I were discussing Baltia a
Post# of 41413
Posted On: 05/12/2014 10:27:10 AM
Yesterday my family and I were discussing Baltia and we all decided that this is the right time to increase our holdigs. We were also talking about trading options for fun and profit.
As far as option trading is concerned I think it can be very rewarding with certain volital stocks but I still think of it as a form of gambeling. Self control and following your own rules is essential to being successful. The big difference is, like any stock trading, you can decide when to bail or when you are satisfied with certain a profit. The common mistake with options is not selling when your profit target is reached. My son-in-law was saying yesterday that he was making a great profit with short term 'Aple' options, didn't sell, watched it retreat a little and decided to hold thinking it would go back up. As the expiration day soon arrived he suddenly found himself in the red and let the options expire at a substaintial loss. The moral of the story is not to let greed or false hopes guide your decisions because a little profit is much better than a big loss.
Be careful, have fun and make money.
I still play options, but very selectively and bail out with any reasonable profit and never look back to where it goes after I sell.
unimagineably OLD & ?
As far as option trading is concerned I think it can be very rewarding with certain volital stocks but I still think of it as a form of gambeling. Self control and following your own rules is essential to being successful. The big difference is, like any stock trading, you can decide when to bail or when you are satisfied with certain a profit. The common mistake with options is not selling when your profit target is reached. My son-in-law was saying yesterday that he was making a great profit with short term 'Aple' options, didn't sell, watched it retreat a little and decided to hold thinking it would go back up. As the expiration day soon arrived he suddenly found himself in the red and let the options expire at a substaintial loss. The moral of the story is not to let greed or false hopes guide your decisions because a little profit is much better than a big loss.
Be careful, have fun and make money.
I still play options, but very selectively and bail out with any reasonable profit and never look back to where it goes after I sell.
unimagineably OLD & ?
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