Lenny Dykstra
2.) I have found a simple strategy within the complex market of options trading. I fully understand the Greek terms. However, teaching math and confusing the average investor is unnecessary, as the strategy is simple enough to understand without them -- and it works beautifully.
3.) As a technical trader, I do rely on charts and moving averages when making a selection. However, I also believe in due diligence and encourage my readers to do their own homework before making a trade. There are so many online sites where readers can look up a chart. I feel it is in their best interest to expend a little effort and confirm my selections with outside sources. It protects them against inadvertent errors and omissions on my part, as I am only human. 4.) Investing in a trading strategy requires capital. You have to spend money to make money. A tremendous amount of research and time is spent each and every day in order maintain the level of success my DITM picks have yielded to date. Investors who cannot afford 10 contracts at a time can still produce the same exact return by proportionally scaling back their purchases to match their personal resources. 5.) It has been several years since I was taught the ins and outs of the stock market and the benefits of trading DITM calls, and I am proud to say I am still learning. In order stay at the top of my game, I will continue to learn and expand my knowledge base. 6.) The broker I use is like a base coach. He doesn't bat for me, but he contributes to my success, and I am thankful for his coaching skills. 7.) I have no plans to stop talking about the Players Club. As a former Major League Baseball player, it is very important to me that professional athletes have access to educational tools and resources needed to protect their wealth. It's the one thing that doesn't automatically come with the uniform, and it is my goal to change it. Everyone should have the opportunity to be set for life. If you can't get behind my strategy, I encourage you to find one that works for you. P/> Lenny, What does this statement at the end of your column mean: "At the time of publication, Dykstra had no positions in stocks mentioned." -- George George, Every investment columnist is required to disclose the positions they hold at the time of publication. When TheStreet.com posts the message that I have no positions in the stocks mentioned, it means that my column is published "before" I place my trade. However, new rules now make me wait 24 hours before I can buy or sell all recommendations in case my mention moves the stock in question. Please understand, I write these columns to help my readers "get in the game" and make some money. I have no problem with the rules; in fact, the rules are the single most important thing.
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