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Strategies & Market Trends : Rande Is . . . HOME

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To: nikko who wrote (23673)	4/10/2000 11:11:00 PM
From: Rande Is	Read Replies (1) of 57584

Thanks, Nick. First off, I spend more time thinking about the market than I do researching it. I take in all the data I can. . . from every source I feel is reliable [the hard part]. . . then study the similarities and differences. . . and anything else that seems pertinent. Then I just forget it all. . . and walk away. . . . it is during this time that I remember the 'whys' and the 'hows' of the market. . .and am able to see a past event in my mind which clearly shows the way to the future. . . I will sometimes discuss the market with others. . .in order to force myself to explain the basics of the markets. . .which after a day or two away. . . can lead to revelations. . . but mostly, things occur to me at the strangest times and in the strangest places. . . . and when they do, they seem completely disjointed. . . .like what is that thought?. . .where did it come from? and what does it have to do with anything? . . . After getting the initial idea, I go back to work analyzing the charts and taking in more data . . .even reading a few perspectives from others. . . .mostly to see how my idea fits in with everything. . . Once I begin to see the market responding like I expected, my confidence builds. . . But never forget that this market can turn on a dime and bite you big time. . . over-confidence is a bad thing. . . never trust it. Regarding short-selling an index or basket, writing covered calls or other hedges to long positions. . . these go without saying. . . but I realize that many, if not most individual investors are unable to short-sell. . . as it requires a minimum of cash in a margin account. The larger traders in our midst short-sell on a regular basis as part of their daily trading. . .and that is fine. But I cannot abandon long plays that can work, simply because it would be easier to short. . . that would leave too many here with no play at all. Shorting the QQQ is a regular tool in our kit. .. but it can't end there. . . or we'd all be merely playing the QQQ back and forth long and short. . . and that isn't what this thread is about. Hope that helps answer all your questions, Rande Is

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