Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Ken Holbert, Jr. who wrote (888)	11/16/1996 1:46:00 AM
From: Philip H. Lee	of 18263

>>I shorted at 40.5 and 33.5. But I've boxed my shorts and day traded a few times. I bought tues at 41.25 and sold Thurs at 48.125. I planned to short at 47 today but too much uncertainty held me back. With the profit I made giong long I could do O.K. by buying in at 43 However I still think this stock will fall more. I plan to sell around 35.<< You're crazy doing all that trading, unless you're one of the 1% who consistently makes money on short-term trading. The result of all that trading is only a few points here and there, coupled with losses mixed in. Net effect isn't very large. You'll do better picking one side and sticking to it. It's the long-term players who make most of the money, not the traders. If you're trading for fun, then have fun; but if you want to make big money, all that trading is not going to cut it (usually). Research has conclusively proven that short-term trading isn't the way for most people. Very, very few succeed. Those that do have an information edge, are extremely effective at controlling emotions, and/or have no ego to get in the way. Philip

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