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Strategies & Market Trends : Rande Is . . . HOME

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To: redwood who wrote (9196)7/7/1999 5:00:00 PM
From: Rande Is  Read Replies (3) of 57584
 
It's just more wash and rinse. YHOO 171 1/2 after hours. . .it will probably gap up a half dozen points. And internets will follow. . .and that is the GAMBLING part of what is going on these days.

I doubt if one person here will disagree with me that the market this summer is far more about gambling than about investing. That is why most of us need to keep our defensive strategy we implemented in the spring. . .and not try to trade through the summer. . . but rather save up for those REALLY low drops and buy up the great stocks cheap. . . then sit back and go long.

Trading through the summer, can destroy all your profits, if you are not REALLY REALLY careful. It is set-up to act just like Vegas. . . a few folks win. . . but the vast majority lose.

The simplest method of loss prevention is removing money from April 15 to late September and late October.

Rande Is
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