Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (37492)	1/3/2001 11:08:24 PM
From: mmbw	Read Replies (2) of 54805

<<The other thing that it helps me remember is that on the very worst day imaginable, it's not impossible that the very best day imaginable might be no later than the very next day.>> Mike- I would like to take that a step farther. Since I have been an active trader for two years now I have experienced the market in extremes of high and low. During my first year (1999) when the market was mostly positive I still got that awful feeling in my stomach when stocks were down. Then the next week or month I would get that great high when stocks soared. A roller coaster ride for the new investor. In 2000 I was much more confident of my choices especially after moving most of my portfolio into G & K and shiny pebbles. Starting this Sept. I basically stopped trading and just watched my portfolio tank. I was surprisingly calm about it. Even though the last month has been brutal I still remained calm and my stomach was just fine. Reflecting on my responses I have come to the following conclusions: 1. If you are a new investor it is necessary to feel the highs and lows. Sorta like paying your dues. And really no different than falling in love, getting a job, having a child, etc. 2. Once you have the stocks in your portfolio which you are confident in, that up and down emotion decreases. Not saying it goes away totally, it's just easier to take. 3. One must learn to separate passion from emotion. Yes we are passionate about our stocks and we do believe in them, but we shouldn't let our emotions get the upper hand. Maybe one needs to become "objectively passionate", if such a state exists. These past two years have demonstrated very clearly that investing should be long term. That's not to say at times I might not take profits when the NAZ is running ahead of it self. But it also proves that you can ride out this bi-polar market and still come out OK. So when you talk about the extremes of two days, I look upon it as a condensed version of my last two years. Martha

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