A: Options Expert
1981, the Xi Liba into the Chicago options market, as half of clerical posts, the market speculators an important appointment, to fifty thousand yuan to Xili Ba as the U.S. investment funds, in two weeks A series of victories added to the account received seventy and five thousand dollars, for the speculators entering the line, naturally wonderful, Xili Ba carried away in victory, under that option trading is not only easy, since the one-upmanship that talent mighty, in fact, Xili Ba market approach is both long and short positions to buy options, on and off the range to win the City to increase the potential for profits. When the city turned the potential rate cut on and off the fine leather, it will all Army lost and the night dark days come, Xili Ba funds on hand plunge in six weeks to only 15,000 dollars, anti-victory defeat in May 1979 as a flight the aircraft is actually killing all the passengers, Xili Ba said: I was feeling and plane crash comparable to each other. just'd rather die! Fortunately, after a failed lesson, Xili Ba determined to improve himself, and finally become a record in the big speculators, Xili Ba is the main source of wealth, two or three big cities skyrocketing crash, it can be said, Xi Liba is an opportunist on the other hand, Xili Ba usual performance is very stable, Xili Ba had a decade to win the war even seven months, a month into more than one hundred thousand U.S. dollars of profits , Xili Ba scratch to highlight is that steady win, both the length of the speculators is rare among the ranks of outstanding talent.
II: the dawn of the future grew out
Q: What are the intentions of speculative options fail?
A: The mood was depressed city in 1979, I feel it is self-destructive future first thought was to change jobs.
Q: Really put into action?
A: Yes, we have found a restaurant manager's job, but fortunately the final timely turn, request a new employer gave me time to consider a month.
Q: Does the temporary peace of mind is more relaxed mood?
A: Yes, in fact, account of surviving a fifteen thousand U.S. dollars, have the opportunity to comeback.
Q: to continue the war.
A: The switch to the edge of the speculative market I went back and re-test their skills.
Q: For you to defeat heavy speculators know the process? ever port the complaints?
A: Good question. The old every night and my phone will know to drop the net account, every night I call the most unbearable moments.
Q: old curse?
A: No, but every night, groaning with pain, unbearable, in fact, dear friend of the family wealth bit lost millions of dollars to just drop in the ocean, to buy membership cards at the exchange is also intended to spend time only.
Q: The last departure may have set the boundaries?
A: Yes, the old man said Zaishu five thousand dollars if we have to stop fighting.
Q: how to react?
A: gradually established close out the contract.
Xi Liba speculative option defeat, bitter experience, experienced brokers to the market to ask, in all aspects of the lessons learned are summarized the following conclusions:
First, we must discipline.
Second, we must do good homework
third ring of greed, earned three hundred dollars a day to reduce the target year is also available seventy-five thousand U.S. dollars accumulated profits.
the operational principles, like a beacon in the night, in low risk cases, the hard and the small new business, received a bleak future in Xili Ba seen the light. Prior to this, Xili Ba on and off the main trading a significant reduction in stock options. To safeguard the continuity of speculative life, Xi Liba hand to bury the Boeing aircraft, when Boeing's stock down slightly on the option price of natural changes in smaller, speculative Xi Liba conditions are echoed in quite a long time, Xili Ba for each sale, only to earn quarter, or even one-eighth of the price, and be satisfied, the daily profit target is three hundred dollars, to achieve the purpose of changing stop, never, never too greedy, successful control of the risk away from the speculation, the result, the net stabilization account rose, Xili Ba rigorous training I have also been disciplined as military training, to succeed today Xili Ba has the class, but recall the time of the joys of the carefully deployed and often feel the importance of discipline. Xili Ba often He consulted the backward speculators, said: speculation on the success of training must be hard, show no intention of handling the same time to uphold the merit principle, free from outside influence. In fact, only one hand was Xili Ba for each sale as a unit, often marginalized by other brokers But Xi Liba unmoved, silently and set the goal to his.
III: Cross-shame
under cultivation in the 西里巴默默 period, each holding a board lot trading is limited by other looked down upon the city in which representatives of hardship, hard to describe.
Q: Every time a contract of sale only, will inconvenience?
A: The other representatives of the City, every time that I get in the way they shot at least ten or twenty only feel happy.
A: The options market trading principles are a first-come, suppose you want to sell one hundred of the contract, and I happened to be the first to buy bidding, you must have this off my before they can deal with the second buyer, of course, braving foul put the risk at home can directly trade with the second buyer.
Q: Do you often abandoned?
A: The broker will always behave, and some speculators are turning a blind eye to my existence.
Q: What is the difference between the two?
A: Broker trading, earn commissions, market speculation speculators depend for a living. two completely different in nature .
Q: Are you a unique first-hand sale of those contracts.
A: Most of the time alone.
Q: Can there be other representatives of the city of bullying?
A: Of course, They call me the contract for the sale of the longest first-hand expert, remember that there was a large speculators in the options market to obtain hundreds of millions of profits, often insulting to me in every possible way, in order to achieve the purpose, and only suffer in silence.
Q : self-esteem may have been damaged?
A: In order to achieve the purpose of small setbacks, Hezu Michiya!
Q: The sale of hand-hand, so you can have and thus try to abuse compensation increase market bets.
A: The bet gradually increased, but not looked down upon because of experience to make change in strategy.
Q: What is the actual reason?
A: behind the scenes to encourage the boss.
Q: improved performance, attitudes have become more friendliness.
A: Yes, when I started winning when behind the boss said: bankers when lending is usually the first paragraph very carefully, but business is progressing satisfactorily, the release of increasing amounts of natural, recently Your performance has improved a lot. the daily results are very stable and seems to increase the bets into the market.
Q: pertinent observations.
A: Actually, he is not deep understanding of the speculation, but at the appropriate time to give me enough encouragement to move forward received me feel at ease.
four: After a storm
Q: You are difficulties in the trading venue is actually in the end.
A: 1980 6 launched on short positions when the exchange began when the options.
Q: market reaction?
A: The people, including my adversaries, including the initial response is not overwhelming, but I think that the opportunity comes, to study short positions in options trading skills, joining in the first batch of short positions in options trading, when I was the most active elements.
Q: In fact, the short position in the birth of options, futures trading strategies received more colorful on you?
A: Fantastic, really hard to believe, and soon, before the big speculators often insult me even invited me to co-investment strategy of the option.
Q: collaborative research and option option trading speculators strategy is working with a computer for analysis.
A: The only manual operation, will assume a variety of different market conditions recorded, one by one study measures.
Q: cooperation is successful?
A: hard to describe, not worth mentioning.
: The question in what areas?
A: First, the research focused on my body, large speculators just sit back and enjoy. Second, the study out of the strategy, speculators do not abide by the middle of will do the opposite, causing inconvenience to me.
Q: You did not protest?
A: Yes, when I asked him: you trying to do? speculators would only say: I just changed his mind.
Q: Finally, how the break?
A: parted ways, each line of each group.
Q: Does a change in trading strategy?
A: No, to continue the principle of stable low-risk profit under the strike. but because of the relationship bet to increase profits have gone up.
Q: Can you reveal the progress of profit?
A: There was a time in 1982, has a million U.S. dollars in daily revenue Futures Exchange Trading staff can see the list they are stunned.
Q: In fact, mainly engaged in trading of those classes?
A: no preferences can seize the mouse is a good cat, sentence If the actual situation in the best position to respond, I was not trading in a variety of partial eclipse.
five: options trading prowess
Q: The biggest victory, will appear when and where?
A: In 1984, Terry late trading stock options.
Q: How was the performance of stock prices?
A: In stock fell sharply and I spotted an opportunity, not yet reached in October accumulate a large number of long positions in options prices.
Q: How do market development?
A: after being out of stocks rebound, but encountered stubborn opponents, stop before the close down options in the price. 超过 on the 10th of the lawsuit.
Q: Why do opponents option to suppress the price?
A: In stock fell to 138 from the $ 160 dollars, and then gradually rise to 150 dollars, maybe they think that rally has to continue to sell long positions so the end of options.
Q: are the results?
A: May 9, nine twenty Terry stop late trading of shares on the Stock Exchange.
Q: reason?
A: Terry repurchase plan announced ten days, two hundred dollars per share. < br> Q: repurchase their own shares?
A: It was in the $ 155 price, and I hold a lot of good positions to win hundreds of dollars overnight profits.
Q: What is the last stock price rise?
A: three hundred dollars, from May to September within four months was a fruitful time for me, very memorable.
Q: After the harvest What plans?
A: retirement.
Q: Terry, after late surge in long positions in stock options after victory, you immediately whether the hasty decision an honorable retirement.
A: No, brother life A wish is a three-year-old before becoming a millionaire, then Hermitage garden.
Q: In other words, retirement is to act in accordance with plans.
A: Twenty-year-old, the younger brother had the honor has become a millionaire, so in 1985 In the futures market will exit.
Q: How much time worth?
A: about 8 to 9 million dollars.
Q: What do you plan?
A: No.
asked: retirees How long time to maintain?
A: Only four months.
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