But I shaved my head, grew a prison beard and bought Cramer's squeaky toys... How can I be patient now?

Ha! Hairy head, no beard and the dogs get anything that squeaks.
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I just wrote in my journal that I need to develop a deeper understanding and increased comfort level before putting on more trades. So... to the books, presentations and virtual trading!
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Thanks Paul, now I feel bad that I won't be able to sit in on the web cast tonight - 6pm is a common feeding time in these parts and I don't bring my PC, phone or TV to the dining table.

Good luck tonight!

Malcolm

Sorry about being "out of the loop" for a few days.

Malcolm asked about strategies around Indexes when they are not close to the bottom of the range but we have cash. I am going to talk about that tonight. I believe it was Chuck who guessed my answer would be patience. He is exactly right. We will dig into why that needs to be the answer.

I will also discuss alternative "approaches" to selling covered options tonight . This was another question that Malcolm had recently. I want to thank Malcolm for doing a great job of developing some wonderful topics for both the discussion list and the presentations.

I know tonight's session will be a little later for folks but I hope to see you tonight in the clubhouse.


Keeping all my "options" on the table,

Paul Madison

TheCOOLClubDude@gmail.com

www.bivio.com/COOL_Club

Malcolm - if you keep a trading journal, you may want to check out evernote. -- Record the thinking for your option trades, then go back to study if you would have been better off making an outright purchase. I'm just getting started with this virtual tool, ans I like it a lot!

Sorry for the late reply, this was nested deep in the email box...

I use Evernote, Dropbox, Goodreader and Plaintext applications for recording, researching and documenting my work. Dropbox is great for passing around files in shared directories. Plaintext is just that for an iPad or iPhone, quick notes. I link it to my Dropbox account so it goes to the cloud and I can open on my PC. Goodreader is awesome. I linked it to my Dropbox account so I can post files to it, download to my iPad and read - with extensive markup capabilities - any PDF file out there. Sitting and watching the Giants and Athletics play America's game and marking up a document on Covered Calls strategy with the iPad... sweet.

Dropbox and Evernote work on PC platforms seamlessly with Apple platforms. Plaintext is an Apple application as is Goodreader.

Technology and the interface that the Apple products have excelled at are truly amazing.

FYI: security... I think the best way to protect yourself is a little know way - create a separate email and use it for your bank and investment firm only - no exceptions and use that email on ONE stationary device... in your home.

I just had my iPad and a laptop drive off in a taxi cab and yes, a smart guy may be able to get by the security features and then spend hours hacking my access to banking and investments (passwords are never saved in the mobile devices) and may be able to get into Goodreader, Evernote which are linked (passwords already changed), but they potential of using the items to hack my finances are very low... they have no record of "the email".

Malcolm

https://www.dropbox.com/
plaintext
http://goodiware.com/goodreader.html

Malcolm - if you keep a trading journal, you may want to check out evernote. -- Record the thinking for your option trades, then go back to study if you would have been better off making an outright purchase. I'm just getting started with this virtual tool, ans I like it a lot!

Sharon

I just wrote in my journal that I need to develop a deeper understanding and increased comfort level before putting on more trades. So... to the books, presentations and virtual trading!