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Technology Stocks : Dell's Daytraders Decision Site
DELL 120.53+0.7%Jan 16 9:30 AM EST
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To: Larry who wrote (193)7/14/1997 6:05:00 PM
From: Greg Butcher   of 1124
 
Larry..sounds like you worked hard today....here is how I have been playing it....I bought in at 105 about three weeks ago...sold it at 123 about two weeks ago. bought back in at 119 1/2 one and a half weeks ago and am looking at 142 7/8. three trades and got to sip on my drink with my purple umbrellas...while sitting on my sail boat.

here is a little something from Jesse Livermore :

" The desire for constant action irrespective of underlying conditions is responsible for many losses on wall street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages"

"A stock operator has to fight a lot of expensive enemies within himself"

"The market taught me the market. And it diden't spare the rod while teaching"

"A man must believe in himself and his judgement if he expects to make a living at this game"

The book does not say how his life ended..he shot himself in the head after lossing all his money at the age of 83....he stated on a napkin at a bar..that he was to old to fight the ticker anymore and in the end the game won and he lost..he went into the restroom and ended his life,.....he left a note to his wife how his life after all his trying and making millions three times from being flat broke was a total failure. He just could not stay away from the game, even after he never needed it anymore.
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