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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: minorejoy2000 who wrote (26211)7/29/2000 2:20:59 PM
From: Chris  Read Replies (2) of 42787
 
couple things:

1) first of all, you're very honest and it takes courage to post publicly about losses

2) you just started!! dont lose your capital. in my first year, i traded the small caps. I didn't make money that year.

3) Paper trade - trade on paper without money. i can give you my system, but if you can't follow it, then it wont work.

4) read more books!

5) what is your risk tolerance? if you are risk adverse or close to retirement, buy the "slow moving techs". sunw, csco, intc, etc.

6) start with the basics.. fibonacci is advanced TA that is subjective.

7) your mentality of "im not selling at a loss" is 100% wrong. I'm only 50-60% correct on my trades, but on those wrong trades -> cut loss. If you were 100%, then you can work on wallstreet and write a book <gg>

keep posting.. in fact, i learned so much during those few months.
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