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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Dealer who wrote (3719)9/26/2000 6:17:55 PM
From: AllansAlias  Read Replies (4) of 65232
 
Hope everyone is well. To the relief of some perhaps, I will no longer be following the porch. My ego is not such that I think this is a great loss or some nonsense like that. -g

I have to say what's in my heart -- we are too much the clowns here. I am not picking on Tom, but I can not see a way to bridge the gulf between our approaches. His averaging-down of INTC puts is bold, but something I will never be able to understand.

Losers are not a thing to be averaged-down, rather, they are a thing to be shot in the face. It is the most fundamental wisdom that has come down to us from better traders of ole who have been in more battles than we have seen.

FWIW, I think INTC will bounce very soon (as will the market in general imo). Anybody who can chart could see the INTC bounce coming. It is approaching a strong rising line in the $41.xx. No matter.

There will come a time, we are perhaps in it now, when buying dips will kill you. The market is not in the business of making millionaires out of new traders. Has always been so, will be again some day. Fear drives me slightly more than greed. I want to make a living, not a killing.

I wish you all the best. (Tom, please, I am not picking on you. You are just the largest target. -g I know you can take it.)

--Allan
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