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Strategies & Market Trends : Trader J's Inner Circle
NVDA 183.89-1.4%2:09 PM EST

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To: Trader J who wrote (2922)1/1/1999 3:06:00 AM
From: Tony B  Read Replies (1) of 56535
 
Off Topic, TJ's posting, & lessons learned...-

Happy New Year everyone. Hopefully we can all learn from our 1998 mistakes and become better traders. We're starting fresh, so let's go make some money!!!

Late posting cause I just got back from the Peach Bowl. <OT mode="severe"><rant>Why do I root for a team that has never failed to choke in a big game!!??? How do you lose a 21 point lead??? For anyone that knows UVA sports, they will recognize that as a *classic* UVA choke. Simple as that. *ugh* </OT mode="severe"></rant>

TJ - You are not *anything* like I pictured you! A *beautiful* baby, by the way.

Well said in your post. I, for one, love the way you post the stocks you're looking at. You give us readers a chance to see what you see and try to understand your reasoning behind them. Some of the things you have posted, I've looked at and thought "What the hell? This looks like the worst stock in the world!". This gives us newbies a chance to learn what makes stocks tick and keeps us from coming back here. I would love to never visit here for a pick (I'd still come for the atmosphere, tho ;), but rather be able to spot a trend on my own. I'm a loooooong way from doing this, but hopefully, I'll get there.

If I wanted someone to hold my hand, I'd get a financial advisor and let him handle my money. But I'm here to learn how to make my own money and also to have fun, dammit! *g* Keep going the way you're going TJ. It's the best!

Lessons learned? Don't use market orders and *especially* not in the first half hour of trading. Don't fight the trend. Try not to chase. I don't *have* to have money in a stock. When expecting a gap and you don't get one, dump the sucker and stay out of it. Any profit (including a buck), is *never* a bad thing.

Again, good luck to all of us in 1999. Let's kick some butt.

llater,
Tony B
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