04-13-2019, 10:22 PM
(04-13-2019, 09:43 PM)fenders53 Wrote:(04-13-2019, 09:06 PM)NilesMike Wrote:(04-13-2019, 08:04 PM)fenders53 Wrote:
You having any problems on any positions right now Mike? Hopefully not. I'll check out DAN. I'm not familiar with the ticker.
No problems at present time. I don't have a lot open right now but they are balanced long and short directionally.
Can change quickly as you know.
Yes they can turn on a dime. I typically have 15 or more open most of the time because most are truly conservative plays and I can let them ride when they should be closed sooner. It's just a percentage game and I collect my targeted net income most every month, even when things go against me somewhat. I do cry when one or two become a challenge to manage. There is some purpose to that though. I don't have such an ego that I need to brag here when it isn't warranted. I don't ever want to make anyone think this is always easy so I will keep whining about the bad ones just to keep it real.
I try to avoid the "problems" by only selling puts in something I wouldn't mind owning. Otherwise I buy calendars or butterflies where the R/R is very good albeit a lower winning percentage.