Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 180.19

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Nov 26 3:59 PM EST

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To: Mike McFarland who wrote (536)	11/13/1998 11:35:00 PM
From: Trader J	Read Replies (1) of 56535

Mike, good post. You are correct. And as Canuck says, credibility is important. But it also depends on how you define credibility. I define it as someone who I can trust when receiving information. Someone that gives an honest opinion regardless of personal gain/loss. I don't see credibility necessarily as does he always make the right picks. A monkey throwing darts at a stock board could pick a good trading stock but it is a good trader that can trade the issue and make money. Most people feel that a stock needs to end higher in order for it to be a good pick when that is not necessarily the case. It is what you do with the issue intraday that counts. And position trading, arguably, is more difficult that day trading as you are holding overnight....and you cannot foretell the future. You may have a great position trade but if the Fed raises instead of lowering, you will get killed. I have no fear of people tracking my picks or trades. I pick what I am willing to trade, I am willing to share my information freely and give my insight from past performance. If I do not do well, I expect this board will become rather empty relatively quickly. I do not like handling anyone else's money other than mine, I do not like to see anyone lose money based on anything I say. I know that risk, but my intent is to share information and point of view. You will never see me tout myself or let my ego get in the way of what I am trying to accomplish. There is a lot of information available as you point out, must pick and choose carefully. Good luck. TJ

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