Good Read...

Read up on this dude, "Options Addict". And he summarized in a better how iʻd like to trade one day...

" I try to put myself in a position where I don't care about the market. When I start my day every morning, I don't run to see what the market is doing, I run to see what my account is doing. I try to put the market in position where it is irrelevant to my account."

Stucktrader interprets: cover your butt

"I like to play things somewhat safe with my accounts. I stay diversified at all times, and always have a hedge against the market and or my account positions....always hedge with other instruments, [for example GLD], specifically S&P Futures (Short), Crude Futures (long), and added to some Index puts on the Nasdaq (small position)"

Stucktrader interprets: cover your butt

"dollar cost averaged in only the best deals available"

Stucktrader interprets: find stuff thatʻs cheap and arenʻt as volatile
And hereʻs his wise outline for us dummyʻs to follow... iʻve actually done most of it...and iʻve numbered for myself...

1) Risk management- Plan your loss before planning your profit.
2)Diversification- Be bullish, be bearish, be involved in various groups/markets.
3)Proper Position Sizing- Trade small, trade safe.
4)Effective Trading Plan- Make sure your plan works, and/or makes money.
5)Cutting Losses Short- Enter a trade that offers a small loss.
6)Letting Winners Run- Don't kill your winners.
7)Curbing Your Emotion- This is a bi product of trading small.

Stucktrader interprets:
1) be ok with your risk
2) cover your butt
3) "diversification"
4) ????? my guess is make a plan and stick to it...
5) ????? buy red?
6) this doesnʻt seem to be a problem with most...
7) make sure you can sleep at night

All of this makes a lot of sense. When this day is out and i have an idea of what AAPL is gonna do for the market, i will re-examine this weekend (if not sooner) my positions and do a little fine tuning and drafting positions.