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Strategies & Market Trends : trading the QQQ
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To: bernard rogers who wrote (340)2/12/2002 4:46:11 PM
From: hypostomus   of 714
 
Re caution, let me tell you the story of only the second stock trade I ever made in my life, three years ago. The librarian emailed me that the stock of a company I once worked for was in a nosedive. It dropped 60% on a bad earnings report. Clever me, I thought: "What a deal! That's where my options were a few years back." So I called my (non-electronic) broker after the close, and told him to buy me a thousand shares at the open. Cost me $167! Two days later I had made 30%, and checked out. A genius, right? I have spent the last three years giving all that back. That's why I'm cautious.
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