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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (29506)3/4/2002 9:25:46 AM
From: Paul ARead Replies (1) of 118717
 
Gotcha- good points.. Its amazing how hard it is to break the 'tech addiction'.. XMSR I may pick up as a err odd ball tech situation, but not going to be a long term affair.. CATS on the other hand would be a tech stock I would gladly pick up under $3 and hold for a good 6 months to catch any spikes.. but I agree with your thoughts on tech stocks and I actually think (or hope) theres going to be a huge shift out of tech and into whats real..I noticed your portfolio was 80 non tech so maybe my thinking isnt too far out there..

Starting this week IM going to greatly reduce my time spent on the markets.. I find theres not a minute that goes by during the day that I dont know what my stocks are doing.. That would be fine if I were a day trader getting in and out on every 1/4 move, but since most of my moves are position trades- I realize now that this is why I keep getting myself in trouble with my demons/emotions.. There are so many coulda/shoulda/wouldas, and what works today may not work tomorrow.. I have gone over and over this for years, but finally I decided enough is enough and IM going to start taking your approach a tad bit more serious and stop the nonsense before it kills me..

Although most of my portfolio will be position trades, its a start! gotta work up to that long term thing : ) but for myself- I definately have recognized my main weakness, and after 7-8 years I have finally got my fill of gambling/obsessing, and am ready to move it to the next level.. and also start getting on with my life in the process.. The big question is- how will my returns be compared to the micro-managing I have done in the last few years? Only time will tell but the most important thing is to be alive, happy, and having fun.. Lately, not a single one of those have applied to me.. and when the last shoe dropped last week and I realized lately that the market is 'no longer fun' that tells me its time to change the game plan...

I hate growing up- guess its gotta happen eventually.. err less for Peter Pan : )
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