The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Glenn who wrote (4475)	1/1/1999 12:41:00 PM
From: Junkyardawg	Read Replies (2) of 90042

Glenn Be careful. I let the wife borrow my visa once. What in the heck was I thinking!!! geeeeezzzzzzz. I can only imagine what she would do with a margin account on my stocks!!!! Just kidding. Looks like I may not meet my goal this year. I think I will take is slow. To meet my goal that I told you about would be to take to much risk to achieve. I already lost all my money one time. I WILL NOT DO THAT AGAIN One thing in this book is this guy went broke and I mean broke so many times he could not count. He actually had to borrow $500 from a friend just to get a stake to start again. Man can you imagine having a stake of $500 and turning it into millions!!!!!! It was not luck though. He said when he finally realized all of his mistakes his last lesson as a trader (when he knew he was a professional trader) was that the money was not in the in and outs but in the holding of a stock. He said he missed out on so many profits early in his career buy taking a couple of points when he knew the stock was going much higher. Sounds like someone else we know doesn't it. I wont mention his name but his initials start with "TIM" and he started a "position" trading thread. Ha ha One more thing I found very interesting... This guy said he never and I mean "never" takes a stock tip. He said stock tips are for suckers. I got long-winded again. Sorry. I just love this stuff. Got to get back to reading. dawg

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