Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 182.55

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3:59 PM EST

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To: Go Fast who wrote (11)	11/1/1998 12:11:00 PM
From: Mike McFarland	Read Replies (1) of 56535

I think it only makes sense to trade in an IRA to avoid all that if you have the choice--that's what I do (I don't short or play options anymore). However I have gotten advice that the correct strategy is the opposite--trade in taxable account to take advantage of losses and go for slow steady gains in the ira where the shelter and time work for you. I'd be appreciative of any thoughts on this. The conclusion I have come to on my own however is to trade in the ira, and if/ when a certain target is reached then shift to the long term growth and move the trading to a different account--sort of a diminishing returns and increasing safety hypothesis. Finally, for me, it seems that for whatever reason trades which have a turnover of weeks to months seem to generate the best profit. Therefore I am going to try and limit myself to just one trade a week. Naturally people who follow more stocks and spend more time at the game would have a shorter time scale, and I suppose it is also a function of how much money you can sink into each idea. I'm also working on the assumption that an account shout have about five stocks and one part cash. Trader J--if I may ask, how well have you done trading and how much time to you spend following stocks and their price movements? Feel free to PM me. --MM although it has certainly been argued that the extra time and effort should simply go into choosing better long term stocks

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