The Critical Investing Workshop Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: elpolvo who wrote (26117)	7/20/2000 6:08:55 PM
From: Clappy	Read Replies (1) of 35685

Polvie, Funny you asked... i'd like to hear from someone who has a cure or strategy for overcoming the emotionally driven buys and sells... something that puts them in the buy low, sell high cycle instead of the other way around. The same thing has crossed my mind a lot lately. TA is my answer. LTB&H is another. (Not quite for me though...) (Have incredible faith and don't watch the daily/weekly movements...) Here is a snip from a PM I sent JW this morning: <snip> I'm currently studying a few TA books. I want to take the emotion out of my trading. I'm tired of buying things because of a juicy story or some wave of hype. Pure mechanical trading will take away my biggest enemy. That's the voice in my head that begs me to buy something. Macro economic news is what should help steer me. Not any stock hype I read on a message board. The best story stocks have bad entry points and bad sell points. I'm tired of putting my faith into analysts, and people who know how to write well. Gilder can write incredible things about a company's promise. It doesn't mean he can pick the time to buy it... This is just my opinion and I don't have anything against those with a LTB&H strategy. Actually my hat is off to them. I can't do it. CREE is my LTB&H. The only reason I've been able to hold them is because I trade others and try not to watch it too closely. The longest I've been able to hold CREE without trading it has been two months. However, I've come to realize that with their revenue growth rate, I'm crazy to tough it. Their revenues are growing at a pace of over 11% a month. Several of the companies they supply have been showing record growth as well. I don't know of many other companies who are growing as fast as CREE. Other than CREE, I will trade when the charts tell me to. I'm also beginning to look at other companies besides the pure tech stocks. I'll be looking for cyclicals as well. I have a lot of studying to do. At least now I have a plan... a somewhat mechanical plan at that... </snip> This is as close to a solution that I can find. I love promising stories. I can't get enough of them. Perhaps now I can use these stories to figure out a coming trend and trade in and out of it with the market cycles... Anyhow, that's my plan. ...I'll probably have another plan by next week... -Clappy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next