Small positions = Lower Stress = Diversification

Home runs are hard to hit. Two big losses this week (E*Trade options and GS options that ended up higher after I sold) plus a near-miss on Palm options, which went up five-fold the same day i dumped them with a 6K loss, are valuable lessons.

Three 3K positions are better than one 10K. Those who take huge bites are liable to choke. Hope I have learned that by now. Have to make up 40K to break even, then we can start making some money.