I try not to criticise other people's trading methods, as natural selection decides what works for whom and how.

There must be a million and one ways to make money and 10 million ways to lose it in this game, but I only talk about "flyers" in the context of the occasional trade in options.

Put it another way, the occasions when I can pick up a minimum priced option on terms I like are so rare that I easily trade futures over options well over 90% of the time. I'll write options against the underlying held when it suits me as well, but I don't write naked options on anything except futures where I don't mind being long/short at a certain strike. I never write stock or currency options as it is damned expensive for me to get out of it if it goes t!ts up on me, as so many option trades do.

If I'm to lose, I will lose the minimum. If I occasionally gain, I like to make a stack in one go, not just 50%-100% like many option traders are interested in.

At present, I have no option positions open whatsoever for instance!

The charts all seem to be saying a breakdown in Euros is going to happen, but with all those sovereign bids out there, I'm wondering how soon, or does the downside selling of the crosses by US banks peter out after the beginning of this week?

Let's make money, and do the best we can. I do agree with Coral that preservation of one's bankroll is of paramount importance, even as I don't believe in trading breakouts.