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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (14863)	11/20/1997 11:15:00 PM
From: Bart	Read Replies (6) of 50167

A hearty hello to all my friends on the idea thread! I have been traveling the past couple of weeks and have not seen SI for weeks!-I hope everyone is doing well! I spent the day looking at homes in Cupertino and Los altos today and toured the area. I can not believe the way this area is growing...it is on fire!-My home in Simi Valley is 2800 sq. ft. and worth about 275-300k. Similar homes in this area go for 650-800k!-I guess location is everything. I am looking at a few business opportunities up here and will be back home next week. I hope to be back to my old situation by then so I can keep up with all of you!-I don't know how Ike stays up with the thread while he travels. I just don't have enough hours in a day when I am on the road! The soes thing is a tough way to make a living and OJ was right about that. You can make a living at it with relatively little capital if you are extemely disiplined and don't allow any losses to get bigger than .25 of a point which is opposite of what most people do. Most hold their losses hoping for a rebound and sell their winners too soon!-Even being aware of the tendancy it is very difficult to pull the trigger on losing positions. I have made as many as 40 trades in a day at the daytrade firm. Most of these result in .125 or .25 profits or losses. I have not mastered the mindset needed too consistently make money daytrading yet and I believe only 1 or 2 people that try it out of 10 will be successful at it. I will give it a few more sessions than I will return to position trading with my friends here! BTW-Schwab coughed up 3100 dollars to compensate me for the debacle on blue Monday and tuesday!-This amount was about 10-15% of what they cost me those days but I was grateful that they gave me anything at all. Good luck and God bless to all of you! Bart

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