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Technology Stocks : The Learnings Co./Softkey = Merger Mania

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To: Irwin Ma who wrote (48)1/28/1997 3:23:00 PM
From: Jim Goodman   of 58
 
3 important PSYCLE points....our avg. holding period is 2-5 months.... certainly NOT "trading"....I don't think an avg. PSYCLE client does more than 10-20 trades in a full year, holding 4-8 positions.... second, I have 27 years experience trading successfully (which makes me one of the best), and one truism few people appreciate, is that, more money has been lost, "holding" issues incorrectly as they move against people, than has ever been "saved" using a discount broker, and trying to do it all one's self....my broker has been invaluable to me, over the years.... trading "costs" also moot, when/if making good money consistently over time, no ? last, studies have shown 95% of traders do too many trades, when "cost" too low....and are way too short-term....what prevents most people from above avg. results, are their own misconceptions, improper emotional PSYcholigcal reactions, and wasting too much effort/time chasing inputs of no directly price predictive value....I will teach you more.....keep it touch....
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