Comments on: The Most Important Investing Advice… Ever

By: 10 Great Links and Some Carnivals | How I Will Be Rich

10 Great Links and Some Carnivals | How I Will Be Rich — Wed, 07 Nov 2007 00:10:10 +0000

[...] Trading To Go gives his Most Important Investing Advice Ever. This is a really great site that I read daily. I strongly recommend this post as a starting off [...]

By: My Trader's Journal

My Trader's Journal — Tue, 06 Nov 2007 19:36:20 +0000

Naked puts is the only way I enter a position in my taxable account. I sell out of the money and if I buy the stock I buy it cheaper than when I first eyed it. If it stays flat or goes up I keep the premium and stay happy. I also limit myself to no more than 2x the underlying equity.
I don’t use margin (usually). If I see I’m about to be assigned many stocks I’ll take my losses and move on, but that hasn’t happen in a couple of years. Experience or luck I’ll take either.

By: Jorge

Jorge — Tue, 06 Nov 2007 08:24:49 +0000

Yeah it does, but it’s also nice seeing those gains explode. Just depends on how much you can take without losing any sleep at night. The great investors should be able to get about 3-4 hours

By: Nabloid.com

Nabloid.com — Tue, 06 Nov 2007 02:55:32 +0000

Leverage has a funny way of making mistakes much bigger.

By: Jorge

Jorge — Tue, 06 Nov 2007 02:34:43 +0000

You’re a brave man. I’ve been trying to get my broker to give me access to naked puts but I don’t have enough of a portfolio to soothe their fears. Puts against the SPY tend to be profitable especially this afternoon. If folks thought stocks were hard to trade, I could only imagine what they think when it comes to options, or currency, or commodities.

By: My Trader's Journal

My Trader's Journal — Tue, 06 Nov 2007 00:03:22 +0000

I think knowing when to sell is just as important as knowing when to buy. Especially for me since I sell naked puts to enter positions. Don’t get me wrong, I love selling puts on a dip. I did it today with DWA naked puts.