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Non-Tech : CYBERTRADER

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To: Redmond Quain who wrote (3183)	1/8/2000 10:26:00 PM
From: Mad Bomber	Read Replies (1) of 3216

Personally, I avoid those especially for Day Trading. They are SO volatile that you can get stuck in a position and not get out in a timely manner. When I said swing trading. I was referring generically to short term trading over several day holding periods. Currently, my personal trading style is a "Risk" based approach. I am not willing to take "chances" where hard earnded investment capital can be snuffed in a few hours. Instead, I monitor stocks which I believe will benefit from trends in 6 month - 2 year time frame and then wait in CASH until I have a LOW risk chance to buy. When the stock gets pricey, I perceive the holding risk to be high and will sell and take gain even if I think it may go up more. Thus, I may not get full return, but my risk/return trade-off is very good. Example: I bought a few hundred QQQ's in OCtober on a dip. By November, They had increased by like 20-30%. Y2K was coming and I thought the market was frothy so I sold. It went up more, but I am happy and have been in risk free cash until now. Now holding LLY MRK and SAP. I hope this long winded note is clear. I loved the CyberTrader software while I used it. Need reliable connection though!!!! MB

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