Are you considering quitting your dayjob to daytrade?! Message Board

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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!

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To: SpongeBrain who wrote (21)	1/19/1999 8:27:00 PM
From: John Koligman	Read Replies (1) of 611

I started investing right out of college in the mid 1970's. Picked up my trading in the late 1980's. Back in 1995 I went to my manager at IBM and told him I want to try expanding my trading and work part time (programming) evenings. He said yes!! Did that till 1997, at which time both I and my wife left IBM (she was an 18 year engineer, I spent 16 years fixing operating system bugs). I guess you could call me a 'hybrid', as I will hold positions in what I consider high quality techs for significant periods of time (Intel, CPQ, Applied Materials, etc), but I also trade to make 'eating and living money'. I find that discipline is key. Tim Luke's advice on the internet stocks is important, I also stay away from those kinds of stocks. I tend to trade high quality techs. One does not have to day trade either, I find that I make better money staying out and getting in big during a tech wreck (such as last fall). Good luck, John PS - All that said, you probably could have done better than the vast majority of traders by simply buying and holding 'big tech' over the past few years, but hindsight is 20-20!!!

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