Lessons:"How to" properly exploit Price DROPS, in stocks Message Board

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Strategies & Market Trends : Lessons:"How to" properly exploit Price DROPS, in stocks

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To: Jim Goodman who wrote ()	3/21/1999 9:53:00 PM
From: Jeff Meek	Read Replies (1) of 660

Jim, I've read through all the messages in the thread, and I have a number of questions. However, I'll just ask one for today <g>. In one post, a gentleman said he only had about $2000 to invest. You recommended he go elsewhere, since $2k wouldn't allow him to properly diversify, which is a major tenet of your system. The point of diversifying is to reduce your risk by spreading your activity between various industry groups. My question is this: If someone is unemotional and disciplined about using their stops properly, why couldn't they succeed with limited funds? Yes, their risk would be higher with no diversification. But if the PSYCLE system is even right just 50% of the time, wouldn't they still come out ahead? The key being to act quickly on cut-losses. Or, did you recommend that this particular person look elsewhere, since the $2000 he spoke of was the remainder of his retirement funds, if I remember correctly? -Jeff

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