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: Junkyardawg who wrote (6336)	1/10/1999 12:35:00 PM
From: Jon Stept	Read Replies (3) of 90042

Junkyardawg- "My losses in one day:" Thank you for that sobering, slap in the face of a story. I needed that, and I mean it. I logon here everyday and read about all the money being made and I feel like I am losing out. It just looks so easy. "Get in AMZN... get in CMGI... they are going up." Sure enough the next day, they are crazy up..., "Jeez, I missed it again!". Your story balances things out for me and makes me realize if one can make a lot of money without a whole lot of work then one has to be really, really careful. When I first got started in shorter term trading, as opposed to investing, I lost thousands and thousands of dollars on the first company I played as a "bounce back". I learned my lesson pretty darn quick on that one: Crooks can run companies too. If it helps you any, I have 95% of my investments are long term... none of this crazy internet, 30% in one day stuff; the other 5% for that. Jon :)

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