Boca Raton, FLUSA
Hometown: BOCA RATON, FL
October 6, 2011
I use call options as a proxy for expensive stocks (over $200) and only when the general market is in a confirmed uptrend. My options time frame is usually 2-5 days. The underlying stock must be a big cap growth name that institutions always go to as the general market spurts higher.
I am a full time trend trader in IBD growth stocks since 1999. My mentors are William J. O'Neil and Jesse Livermore. My credo; follow the rules, stay off intra-days. Daily charts by the thousands, over time will make you an expert chart reader.