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Strategies & Market Trends : 50% Gains Investing
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To: Steeliejim who wrote (15535)2/9/2000 12:54:00 AM
From: Dale BakerRead Replies (5) of 118717
 
TO ALL: it's great to see so many people on the thread doing well. But we are running into a familiar problem; someone mentions a stock, I don't stand up and cheer or I don't buy it myself, and pointed posts are made later about how the stock did well despite Dale not being smart enough to get on board.

Let's get this straight - I CAN'T buy everything mentioned here because I already have 50 positions in my portfolio. And I WON'T buy a stock if it doesn't fit my style or I have 3 good stocks in that niche already.

I think it's terrific when people make money off their picks. Let's keep doing it. I will do my best to contribute my share.

But let's all skip the gloating if we bought something and someone else didn't. That doesn't serve a constructive purpose.

FWIW, I have 25 stocks up over 50% in the last year and 15 of those are up 100% or much more than that. I have closed out many more positions with 50-100% gains. Believe when I say I am doing fine, even if I don't get in on everything that's tipped here.

Final word - to succeed as a trader you have to be right 60% of the time and limit your losses when you are wrong. That's it. No one is right 100% of the time except liars and hypesters.

Keep up the great work everyone.
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