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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: 10K a day who wrote ()6/3/2000 7:17:00 PM
From: eichler  Read Replies (1) of 99985
 
impristine,
I have a hard time believing seeing that myself. I was under
the delusion that was a private page for my eyes only. Shows
what I know. Since you have an interest, I will explain that
the main portfolio was started 6-11-99 with 17 K. It was +
100 % at year end. In January, up another 100% (in and out of
Russel 2000 break-out fliers for big % gains) and in Feb.
another 100%. 17K turned into 150K in eight months. Obviously, turning 150k into 60+ (I quit updating my lists
during my bear-market education). in the two short months
following was less than stellar. However, I'm still up more
that 300% from start less than one year ago. Do I feel smart?
No! I unfortunately had to learn the hard way about the other
half of the market (down market). I learned that cutting losses is a very good idea. I learned that money can be made
with stocks going down (shorting). I learned not to let what
I think (technology driven growth) get in the way of what I
see (trend line violations, indicator signals - stochastic,
adx,etc.) I learned that a small loss can become a large one
with fat-headedness and apathy. And thanks to you, I learned
a private portfolio is not... By the way, I'm not mad, I
do have a sense of humor about it all (when I'm not kicking myself). But I never would have volunteered to exhibit my
extreme naivity and such a collosal melt-down. I was embarassed enough when I thought it was my own private horror...you can just call be scarlet from now on (color of
my face).
Eichler the sheepish of the bursted bubble
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