E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 17.01

+0.4%

3:48 PM EST

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To: ecommerceman who wrote (12946)	4/5/2000 8:51:00 PM
From: Scott Moore	Read Replies (1) of 13953

The small investor is here to stay. Smaller losses create an anxious feeling. Large losses give emotional traders a numb often euphoric feeling, because the loss is bigger than their threshold of pain. The margin calls over the previous few days created situations where folks that would not have traded were forced to make trades and commissions. If techs have a protracted phase, what do the experts say, "Find a different horse", which causes more trades. The only scenario I see where folks stop trading for awhile, is if the market draws a flat-line for a few weeks where there is no emotional or technical event that will instigate a trade. What odds would you give on the market turning lethargic or remaining flat? I like the volatility, I've been trading increments in and out of EGRP for the past 3 months making decent gains. Stops are for pussies. If you have a gut feeling that online trading is here to stay and after all the consolidation EGRP will still be one of the top players, then why sell on weakness. I added at 23 1/2 yesterday and never got a fill at 20, but ready to add until I run out of funds. Regards to longs Scott

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