tag:blogger.com,1999:blog-12333088.post111436290266277733..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Should You speculate?Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12333088.post-2750731636433954512010-05-17T20:23:01.608-04:002010-05-17T20:23:01.608-04:00Wow. This has definately not been my exprience wit...Wow. This has definately not been my exprience with options trading in the futures markets. I got in small and stay small. I rarely have ever purchased and option with a price above 1000 dollars and always liquidate when I show proffit. Ususally below 100% return on my invesment, sometimes many x more. If I have an option in the wrong position i just let it expire. About 40% of the time they expire. But the winner make up for the loosers and then some. <br />In my opinion people need to focus more on strategies. If you can't sustain losses in a position you shouldn't have it. That's why I trade options. Don't liquidate just because you've had a few loosing days, all you did is get out with a loss. And don't hold on for the big one because it's moving your way. The markets are fickle. If it turns your way, liquidate and take the profit.Roycehttps://www.blogger.com/profile/08646895219807042702noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-12621150271492339292007-07-18T11:17:00.000-04:002007-07-18T11:17:00.000-04:00Well said Carl .. Speculation is tempting for anyo...Well said Carl .. Speculation is tempting for anyone and to contain it with rationalization would need edge. What do you think this edge is? Gut feeling you get from experience, observation, pattern recognition, etc?<BR/><BR/>Maybe I will read the books you suggested .. Thanks,<BR/><BR/>Nidhi<BR/><A HREF="http://creating-wealth.blogspot.com" REL="nofollow"> http://creating-wealth.blogspot.com </A>Nidhihttps://www.blogger.com/profile/10070356840425498705noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-79828189629948470392007-07-01T22:44:00.000-04:002007-07-01T22:44:00.000-04:00That skill you refer to is simply understanding yo...That skill you refer to is simply understanding your fellow man.Anonymousnoreply@blogger.com