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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 421.32-0.5%Jan 16 4:00 PM EST
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To: gold$10k who wrote (1)8/16/2003 11:36:41 PM
From: Little Joe  Read Replies (2) of 29622
 
vt:

It is interesting to me to see that your approach is much different than mine and yet we both are able to make money. My view would be not to buy Drooy until the breakout feeling that I would rather catch the momentum of the market rather than have my money tied up waiting for the breakout. Of course, your technique, at least arguably, entails less risk and more profit per trade. My technique is probably more risky and involves less profit per trade. The advantage is that your money is not tied up for long periods in a stock that is not moving.

I suspect though that it is our personalities that dictate our trading approach. One of the great benefits of the threads is to learn how other people approach the market and benefit from their wisdom.

Maybe I will buy some Sultan Minerals at the lows and it call it a value trader trade. But I might go crazy thinking about my capital being tied up, while other mo-mo stocks are moving.

Sometimes I am too damned impatient.

Little joe
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