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Strategies & Market Trends : Can you beat 50% per month?
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To: daffydog who wrote (124)2/24/1999 9:03:00 AM
From: Jon Scott   of 19256
 
Mark
You have some good points in your post. So let's review.

First to you and others who have seemed to miscomprehend. Reread the heading and review the thread.

I never said I have consistently made 50% a month. Respondees have.
The heading only says the trades listed showed a total return of about 50%.

I only hope I can sustain 50% monthly.In my opinion, online access has made that goal more attainable.

With or without online access, I've always done extraordinarily well. In 96, my SEP at OLDE went up 10 fold in 2 months based on two stocks, INNO and CRTM. It's now right back down to where it started now. Painful, but a valuable lesson. But I have had dozens of stocks over the years that have risen 2-10 fold and more. The key is REALIZED gains.

Regarding micro- pennies.
I rarely, if at all, have traded those. That appears to be more or less a game of musical chairs. Buy, hype, sell. Who gets stuck?

Regarding diversification.
Look at my trades.
They're are few daytrades. There are many sectors and price ranges covered. But they are favored towards tech. The internet is opportunity. Just like the Ellis Island immigrants, I see lots of opportunity in this new world. But I wouldn't park my cash in just one micro-penny or one mortgage.
Well, posting here is non-productive, so that's it for now.
Next post will have my picks for the day.
Good Luck
Jon
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