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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (144)7/27/1996 9:49:00 PM
From: Lee Nelson   of 132070
 
I just started investing in stocks in April, and have been barely holding my own since. I was wondering if you think that it is possible to make money when you have less than $5000 to work with.

Specificly, is it better to buy (or short) 200 shares of one stock or 100 each of two or more stocks?

I seem to frequently start out with small profits that quickly turn into larger losses. The books I've read suggest that I should cut losses short quickly (I do) and give profitable trades plenty of time to mature. I've been thinking that I should just start taking these $75 and $100 profits immediately when I have them. What do you think?

I also can't decide if it makes sense to use margin. At first glance, I think that margin will give me more dollars to work with. But I also think that the increased leverage will simply lead to increased volatility in my account.

I should also note that I can't do options. My broker won't tell me what the criteria are, only that I don't meet them.

Given your rational comments on the MU ONLY thread, I thought you might have some valuable insight. I'm sure a number of people lurking around here are in the same situation and would appreciate your thoughts.

One more thing, please. How is Intel going to make modems obsolete? Many people will still be connecting over their copper phone lines. Any technology that works over this medium will be a technology that USRX (And other modem manufacturers) can duplicate, and perhaps improve on.

Thanks,
Lee Nelson
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