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Strategies & Market Trends : The Amateur Traders Corner

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To: Rita who wrote (2872)	11/4/2000 12:57:57 AM
From: Blue On Black	Read Replies (4) of 19633

OT for this thread... Rita, Sorry for the useless post. It comes from being distracted and trying to do too many things at once.... What I was trying to say is... While I daytrade in a minor way, I try to spot things that I can't lose on. That usually involves longer term trades...which I view as months, at most, hopefully weeks. I try to park on leftover 'momo' trades and build into a position....short or pick up positions that have little downside left. ICGE...what was the downside? Not enough to worry about. The current HAND which I building? Where will it be in 6 months...or more importantly, around lockup expiration or when the next 'hot' thing is to be chased. If you have a STMP..ZIXI...linux stock...whatever....you have to start somewhere. I try to keep enough positions that I know there is a payday down the road sometime. That is where the alotment comes in...I don't do homeruns TODAY. I just take positions that I can stand come hell or high water and wait on gravity. I'll trade and average on them. A pig is a pig. But that doesn't mean that they can't smooth you out if you get too ambitious... It's not daytrading but I sleep at night.... Just a percentage player, lee PS. I stay away from the early days of 'guru' calls. There is always the next day. If I miss something, there is always another 'something'.

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