Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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Nov 14 9:30 AM EST

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To: LTK007 who wrote (16852)	6/30/1999 10:00:00 PM
From: Triffin	Read Replies (5) of 56534

max90/TJ/Wes/CD/snerd .. other regulars .. After reviewing my trading for the past few months and realizing if I had just bought and 'held' instead of trying to 'pollinate all the flowers' .. 'kiss all the girls' .. insert your favorite trading cliche .. I'd be a happier and wealthier camper at this point .. Judging by some of the 'regulars' comments lately I don't feel I'm alone in this assessment of my/our present trading style .. therefore, I'd like to suggest/propose a refinement to the original "specialist" program TJ originally suggested to the thread as a way to organize our collective research activities. A common element I observe on this and numerous other SI threads is the sheer volume of 'ideas' presented that are nearly impossible to process/evaluate/act on in a timely and consistent fashion .. not to mention the often repetitive DD as different issues are presented/traded/dropped/ and later revived for consideration .. What I'd like to propose is that the main thread participants you know who you are consider collectively selecting 10-20 technology/i-net issues with the following characteristics: tradeability liquidity volatility tight spreads sector leader We would then concentrate our efforts on TA to time our entry/exits on these stocks both long and short using MACD/Stochastics .. whatever people know and are comfortable with to maximize our returns .. Contents of earlier PM ------------------------------------------------------------------- To: Trader J From: Triffin Wednesday, Jun 30 1999 7:31PM ET TJ .. Some 'random' thoughts .. remember the 'specialist program' .. a good idea but nobody picked up on it .. I agree with max90 sentiments expressed to CD about getting tired of 'chasing' too many ideas and missing the 'big' move .. Thought .. what about you/the thread selecting 10 internet related issues that are first or second tier that we can follow for say MACD and/or Stochastic buy sell signals and try to 'position' trade a bit more .. I guess I'm finding that we uncover good ideas .. scalp a buck or two and then move on .. and the stock keeps going .. Let's do the DD once and stick with a short list of good 'traders' that we can really cover for entry/exit points .. Everybody can nominate one or two stocks or 'agree' on a 'list' If we get that far then the 'regulars' can/should keep the comments and analysis to the stocks on the list .. I keep a daily written trade log which I frequently review .. and cry over .. See June 15th .. how much DRIV do you still have from prices under 21 ??? See today's close .. Think I scalped it for 3/4 of a point .. ouch .. anyway I think you know where I'm coming from .. We could compose an initial list and update it every month or quarter to stay with fresh/tradeable names etc .. I'll vote for ATHM/COVD/DRIV/HSAC/NITE for starters .. I think CD/Wes/max90/triffin/TJ/ would go for this ?????? Maybe this could/should be a seperate/sister thread ?? The closest thing I see to this idea is the 'Last Shadow' thread .. but they keep coming up with too many 'new' names and 'new' watch lists to make much sense of it .. I feel the key would be to concentrate our combined efforts on a 'short' list .. get focused <gggg> Jim in CT .. feel free to pass on this PM to the others above EOM------------------------------------------------------------------ So, what do you all think ?? Is this worth the effort ?? Jim in CT ..

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