Interim Update Jan 12 2022

[Centeron631]

With all these new buys and some of us getting a little lite in the wallet for cash right now - is there any room on these 9 new buys to buy leaps on them. Does TI or senior members like leaps on any of them once the recomended entry price is reachsed? thks

[SOL]

With all these new buys and some of us getting a little lite in the wallet for cash right now - is there any room on these 9 new buys to buy leaps on them. Does TI or senior members like leaps on any of them once the recomended entry price is reachsed? thks

At Ti we like options and we love leaps, but one has to understand that one is dealing with weapons of mass destruction when you get into an option. Mass destruction in regards to you wealth. Most option traders have zero discipline they only look at the positive aspect of playing options, but there is a dark side to options and that is 90% of players lose. So tread cautiously until you are confident that you can handle the pain. Winning is easy losing is the part that breaks 99% of individuals.

[AstuteShift]

LEAPS is my favorite but if you have to think twice then options should be a no go for you

Also it’s incredibly easy to blow up your account on them, that has happened to me 3x before meeting TI

Despite my gun slinging appetite, I separate portfolios and keep an option portfolio separate from stocks.

Sometimes it’s good to do the KISS method. Keep it simple and stupid

[bpcw]

For me it's not worth thinking about options and these posts help reinforce my position. One's investing strategy has to match their lifestyle. I simply do not want to invest the time in a very high risk strategy when I have greater priorities.

I would urge people on this forum not to feel you have to catch up and be one of the big gun ninja's on here, just use TI to fit your lifestyle, there are plenty of differing risk/reward strategies.

Although, I do appreciate the knowledge offered by the ninja's and the time they take to share.

[SOL]

For me it's not worth thinking about options and these posts help reinforce my position. One's investing strategy has to match their lifestyle. I simply do not want to invest the time in a very high risk strategy when I have greater priorities.

I would urge people on this forum not to feel you have to catch up and be one of the big gun ninja's on here, just use TI to fit your lifestyle, there are plenty of differing risk/reward strategies.

Although, I do appreciate the knowledge offered by the ninja's and the time they take to share.

I don't want to sound all gloom and doom regarding options. There is a way one can get into them if one understands the risk. You separate the portfolio like Asute has done or you should have a massive amount of discipline and allocate only a certain dollar amount to options trading. For newbies it should not be more than 10% and that 10% should be broken into equal portions. So say you have 10 portions, those 10 portions should be further broken down into at least 4 lots, in some cases, 6 lots could be warranted. So if each portion is 1200, you would at the minimum break this into 4 lots of 300 or 6 lots of 200 and deploy only one lot at a time.

Newbies should also aim for leaps as shorter-term options carry much higher levels of risk