02-17-2019, 11:01 AM
fenders53 Wrote:Mike is a good guy though he may have come off a little short with you. We have had very good luck with our strat, especially recently. He doesn't do the same as I do, but we share some basic rules.
I don't doubt that. And I know that I also share some very similar strategies to him, after all he is the one who taught me a lot about options trading.
But as I said, for me options are purely a trading strategy. Though I exclusively trade in stocks that I either own or wouldn't mind owning, the point is still to get out of the trade relatively fast and deploy the money again.
fenders53 Wrote:I appreciate your input. I'll PM you a bit of personal info so your future comments with be based on some context. But I think you get the picture I am not trying to invest $20K here. I recently got full control of my retirement accounts and am trying to invest into core positions. This ain't easy because valuations are just too high, even after DEC as many of them quality stocks did not properly correct. I strongly prefer most of my positions be in the green just a few years from now. I'm not 30 anymore.
Yes I'm more or less familiar with your situation, I've read your threads here. And yes it indeed must be a different beast when you are basically juggling with your whole retirement. Especially today when, once again, a lot of stocks feel too expensive. But every time I say "too expensive" it also reminds me of all the other times I've felt like the market has been too expensive and really in need of a correction. One of the strongest feelings was in late 2015... I can't be arsed to check but I'm fairly certain that every single stock I bought late 2015 has been profitable between the time of buying and now. And I truly considered not buying anything because it felt so expensive I was almost certain that the correction had to come soon.
While I am significantly younger than you, I'll race you to retirement day.
And with my lifestyle I'll probably race you to the grave too hahahaha. 
The point is that we are still in a pretty similar situation. And missing out on a good run because I tried to get a slightly lower entry price is still something that I would worry about... If I feel the stock is a good buy going forward then I don't mind paying the daily price... especially if the other options is possibly grabbing it later at a 2 or 3% discount. 2 or 3% makes a difference in a year but it won't make much of a difference in 10 or 20 years. Being long or not being long in a stock you like will make a big difference in 20 years. And you'll still be around in 20 years, don't worry.