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Author: kenmegsmith Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 11006  
Subject: Re: Yikes Date: 4/6/2013 7:27 AM
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OMG. Have you ever thought of studying money management? That is price target and a STOP. Maybe on your shares 10% loss then you’re out. Otherwise why not just give your money to charity. Then both sides will be happy.
Thoughts are, read books on trading and finance for about five years.
Lovely tank on Friday, jumped in with 83 SPY 154.50 calls at 10:01am @ 0.14 friends called round at about 10.20am so closed them out @ 0.21 when I looked near market close they hit 0.86. LOL.
Money management risk was the amount I put on the trade. Reward looking for 2x risk.
Ken
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