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Strategies & Market Trends : One trade a week

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To: LemonHead who wrote (6)	11/2/1998 3:58:00 PM
From: Mike McFarland	Read Replies (1) of 89

;-) Probably not! While I have done quite well this year I would certainly not claim to be able to make money for others using a trade a week. There are however plenty of other threads where there is good advice...and I'm sure there are a few folks on SI absolutely raking it in. fyi, I took 15k up to 70k and then watched it get halved in August when I blundered onto a real stinker. I've since recovered somewhat, and if I add up all my accounts (my trading ira, my fund account and my wife's ira) I'm pretty happy...but it hasn't deluded me into thinking I have any long term skill at trading. No, if I were you I'd go to Mohan's thread and snoop around (lurking it is called when you read and don't post). Also, there are a couple biotech threads where I've gotten ideas...I'm convinced that sector is a good investment--and some of the small and micro cap biotech names look absurdly cheap. Finally never buy anything just because somebody else likes it--I could cry when I hear about people who have put all their money into the hands of a broker or "money manager"--most of them are thieves...or at the least most money managers are deluded and think that they have skill. I created this thread in order to have a place simply to mark down my trades...hopefully keeping me down to a trade a week or less. I invite others to do the same because I am sure that overtrading what should simply be core positions is counterproductive. I used to list my favorite stocks on my profile page, I deleted that line--I would hate it if somebody stumbled onto something I said and bought a stock because I said something clever about it. Well, that is a long wordy way to say do your own research ...and as always, happy hunting! --MM

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