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

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To: Autumn Henry who wrote (82398)3/5/2000 4:07:00 AM
From: swisstrader  Read Replies (1) of 108040
 
Autumn: Russ got it right (as well as others)...invest in what you know and believe in (and probably what you recommended to friends and relatives)...trying to guess a bottom or a top is tough even for the most seasoned trader and this is not trading based on belief in a co or mgt team, but more akin to going to Vegas trying to count cards or guessing red will win out over black...don't get me wrong, I've made loads looking for support, taking profits relentlessly and moving on to the next target all before you can say "easy money", but my REAL profits come ala the friends and family recs, and based on this, my sister and brother have enjoyed some 60% gains in the last 2 months alone...nothing fancy, low risk solid holdings...and because I like to "play", I have these holdings as well, but also play with momos, swing trades and some out and out trash....guess which is outperforming which?...my point is put your real cash into what you know and believe in (INVESTING), and your play money in the momos you have neither the time nor the passion to research and full well knowing that some will crash and burn and some will become the next VASO or JMAR or whatever...only 7-10% of my money is in the stuff I know is a bit on the risky side, all else is in my LT portfolio.
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