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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (11015)12/6/1997 12:12:00 PM
From: Pancho Villa  Read Replies (2) of 94695
 
Bill>>So I don't necessarily agree that people SHOULDN'T trade frequently... IF IT WORKS FOR THEM!!!<<

Thanks for the alternate view. Actually, I do both. have a portion of the portfolio that never touch and a portion I trade with. tech stocks due to their high variability are particularly suitable for trading. However sometimes they take off for good! But most come back! WDC, GTW I thought would never come back and they did. Even INTC. Of all the stocks I trade the only one that refuses to come back is MSFT which I sold last at 114 in the Spring. However I traded it for a profit several times before it took off.

In any event I think it is always a good idea to ask yourself the question: I am trading too much? another idea is to take your current portfolio and "frezze it" somewhere in the net and then compare it with a version in which you trade you may be amazed at the results!

Options, [for portfolio protection] reduce risk but also return. Naked short term options are just lotery tickets as I think Staff onc said.

Regards,

Pancho
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