options training - anyone attended?, page-9

Hmmm... Nickoo you are making my ears hurt ...

You said: "I would like everyone to please remind me to add to my positions if the trade initially goes against me in future --- i must do this next time!"

Please don't ever add to a derivative position that has gone against you ...

Rule 1: Tight stops.

Rule 2: Cut your losses.

You are only trading one side (SHORT) only of a BEAR Market which has saved your a*se ...

Your current hubris does you no good.

You are setting yourself up for a pasting instead of developing sound trading strategies based on proven methods.

I am not rubbishing you but rather pointing out you are in real danger here ...

Suggest you hit the books on derivatives trading.

Cheers ...


This is only my view ... read the red stuff.