| jazzallnight: I think, as many traders probably were for a while, that you thought that those "20" that you said Jen and OJ called the first hour were all to be bought. All they were, as I've learned, were stocks that had "triggered", stocks that looked good to them for a short term trade...twenty places where we could look, and perhaps choose one or two that we might trade. Jenna has an ability which I find astounding, to follow many, many stocks. I sure can't. What I've learned to do is quickly pull up the chart when a "trigger" goes off...and if I like it, well, I'll trade it. For the most part, I pass on most of them. And, so too does Jenna. I'm not here to defend Jenna...but I try to remember that the Trading Room is new, that problems, such as the one you suggested, are initially inevitable, must be addressed and hopefully corrected. Here's what I ask: a moderator who is scrupulously and intellectually honest; someone who works hard and tirelessly; someone who helps me in my often Don Quixote like quest to attain trading profits. Jenna is my Dolcenaia. And I can tell you, unreservedly, that over the years, she has, at least for me...helped point me toward stocks...both short and long, that have assisted me in trading profitably. Jenna is far from perfect. But she is very good...and I've been around the Street for almost four decades. And, once pointed to a viable stock or chart, I take it from there, 'cause I'm a pretty fair trader. Forgive my rambling but I also feel strongly that her philosophy of leaving the day mostly in cash, playing both sides of the street (long and short), and the absolute necessity of placing self-preservating stop orders on every trade serve me, and I suspect many others, very well. My best advice to you; give it another try. Watch for a while, get a "feel" for the Room and what Jenna does. I think she will serve you well. (Lee) |
