DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: ams who wrote (14154)	9/21/2001 8:34:14 AM
From: TraderAlan	Read Replies (2) of 18137

ams, <the profits will come from riding the small rallies in individual sectors and subsequently shorting them> It's called swing trading ;-) <It's been a tough year and half to make our accounts grow.> Asset allocation is as important as trading strategy in IRAs. Cash and bonds both offer lower risk returns. We heard so much preaching about "100% invested" late in the bull market that I fear many people did not raise cash at all or at least did not raise it fast enough. Preservation of capital rules, especially now. I was up to about 60% cash late last year. That has gone to 75% cash just because the MFs (and one equity) in the account have dwindled. I haven't touched the thing in a year, waiting for a cyclical turn like many others. Now I may sell my index fund if the sp-500 looks like 1000 will become major resistance. I should note (since I am the master swing trader <g>) that this account goes back well into my prior profession and I've never tried to time it aggressively. I like being a long-term investor (rather than trader) to some extent. Alan

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