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Strategies & Market Trends : Waiting for the big Kahuna

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To: Pancho Villa who wrote (11011)	12/6/1997 11:32:00 AM
From: Staff	Read Replies (1) of 94695

As they say in the business... if your face glows in the dark in bed at night .. your probably watching you stocks a little to close during the day :-) <ggg>.... Pancho my expertise was trading commodities for my fund investors years ago. I can tell everyone one thing that if master it will make you tons of dough. Th world is full of books,systems and people telling you how to trade to make money. Very very very few of them teach money management. You will find the traders that are around the longest are the ones that learn to manage money. Or as my old mentor taught me... Those that don't know how to manage money will eventually manage to have no money Rule #1... never give it back and faster than they give it to you. In other words... if you made some dough trading 5000 share lots... don't give it back trading suddenly 50,000 share lots... God may have invented Monday night football for those that needed to double up to catch up for a bad Sat. or Sun. betting the ball games but on Wall Street the season never ends :-D It trades every day so don't be in any hurry top try to make a killing or a comeback. They don't hand out any trophies at the end of the year :-) Have a great weekend amigo...

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