<p>I don’t know what the other rules are but I find this rule to be true at times…</p>
<p>““The toughest thing is to take profits on a naked put. You have to spend money to close out the position and lock in the gain. Easy to give in to temptation to let it ride while watching your profit disappear. ”
— dana barnes
On The 5 Rules of Options Trading”</p>
That’s just great. Like I need more cloud (actual clouds up in the sky not the ones using virtual servers) and food pictures cluttering up my phone Home screen. What I need are “breaking news” about a stock at least ten minutes before the HFTs sniff it out and act on it.</p>
<p>^ So it is going to take 15 extra years to work out the data privacy policies of a product that will be ready in a few years?</p>
<p>That is just stupid.</p>
<p>I think the biggest issue is liability. Unless Google et. al. get legislative relief, why would they want to sell this product? Every accident will lead to a lawsuit.</p>
<p>The s & p is 1.3 percent down from its peak, qqq - 3.9 percent, iwm - 3.4 percent, Dow - 1 percent down from their recent peaks. What’s the gamble here, buy or sell?</p>
<p>How much value are you really adding especially with short term gains vs lower taxed long term gains and how much time are you wasting doing this. I expect for most of us, what we do is not worth it but we enjoy the gambling aspect of trading.</p>
<p>The bottom seems to be falling out of goog just like what happened with aapl once that $1000 price target got put on them. Glad I didn’t sell any puts on goog</p>
<p>When he said 50 percent he was throwing out a rough number. His point was expect big declines in the future just like the past and to stay invested which has been the correct call.</p>
<p>you don’t believe 25 - 30%??? maybe more - you’re quite an optimist: </p>
<p>Individuals should invest in stocks for the long term and be prepared for at least two declines of 25 to 30 percent, maybe even 50 percent in the next 10 years, says Vanguard Group founder Jack Bogle.</p>
<p>and I do believe we will have a 50% drop contrary to what the history of before 2000 shows. We are not in the 1950’s or 60’s, its a different world with issues that have never existed in history. That being said, I bought the 6/22 155 - 153 put spread for .79</p>
<p>Do I think there are going to be two declines of 25 to 30 percent?</p>
<p>Maybe…</p>
<p>If there are two declines of 25-30 percent, I would bet investors are not going to double their money in 10 years which bogle also says.</p>
<p>"you don’t believe 25 - 30%??? maybe more - you’re quite an optimist: </p>
<p>Individuals should invest in stocks for the long term and be prepared for at least two declines of 25 to 30 percent, maybe even 50 percent in the next 10 years, says Vanguard Group founder Jack Bogle.</p>
<p>and I do believe we will have a 50% drop contrary to what the history of before 2000 shows. We are not in the 1950’s or 60’s, its a different world with issues that have never existed in history. That being said, I bought the 6/22 155 - 153 put spread for .79</p>