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Orwell

1,867 Posts.

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22/12/14

20:55

Post #: 14498630
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Originally posted by Orwell ↑

Hi sewage. Although still experimenting with options one thing I do know is that I wouldn't buy long calls or puts based on fundamentals. Fundamentals aren't much good at short term, less than 3 month and arguably less than 6 month horizon. Unless you train yourself to an advanced level in TA I can't see how you would be successful trading options or most leveraged instruments.

That said I think it's possible to very successfully write covered options with limited technical knowledge. I know someone who makes a lot of money writing covered calls, with high win rate but it's a slow and steady strategy making small increments monthly and you need a decent size portfolio to fund the share cover.

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Note "sewage" is how my auto spell checker corrects your name. Apologies semage77

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