You Have To Keep Reviewing Your Option Market Data To Ensure Success
The most important aspect to me was that I had absolutely no option market data whatsoever that the market would slide. Later when I studied my option market data I had sold automatically, I found that they subsequently slid down very low indeed in the recession period. Look at the following table: When I looked at this table, the option market data told me this: If my stop-losses had not taken me out of the market I could have lost about 50 of my investment. I would have been like a man in a cage, locked in with my holdings and missing my opportunity to make a fortune. The only way I could have escaped would have been by smashing out, taking a 50 loss, possibly ruining myself, and gravely impairing my confidence for option deals.

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