Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Autumn Henry who wrote (82398)	3/4/2000 8:38:00 PM
From: Bryan	of 108040

Autumn, You need to develop an investing plan that suits you. You're a smart guy and I'm sure you can do that. You are hitting on a common theme that makes it impossible for one trader to adopt to another trader's methodology....emotions. There are very few traders that will even talk about that side of the game, because it is one of the most destructive elements of trading (especially day-trading). And is this what you are trying to do....day-trade? Perhaps you should widen your horizons and "invest" instead of "trade". Another thing you might consider is allowing for more reserve capital so you can average down. Many of the great fund managers average down and up all the time. Over the long term, if the company fundamentals are sound, you will make $$$$ by "averaging." The new age of on-line investors is trying too hard to make a quick $$$ and that is really disgusting and it's one of the things that brings more volatility to the markets. For me that's fine. I have noticed that many many others are getting ripped to shreds trying to be on the right side of the intraday volatility. If you really want to capitalize on the volatility, then hedge yourself by writing covered calls. There are many good books and internet sources on "covered calls." One more thing: You really shouldn't believe most of what you read on the message boards as it relates to people's rates of return and respective success. Never let that kind of BS get you down. The only consistent winners in this game are the ones that make the markets and facilitate the trades....that's right the MM's and the Brokers. That puts you and me at an immediate disadvantage. Fun stuff, isn't it? Regards, B

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