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Strategies & Market Trends : Trader J's Inner Circle
NVDA 178.94-0.9%Nov 21 9:30 AM EST

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To: Trader J who wrote (11850)3/26/1999 1:34:00 AM
From: Trader J  Read Replies (3) of 56535
 
**All: Please be careful tomorrow (Friday), I have a feeling we will be on a wild ride. I am expecting a nice gap from many of the Inets and a decent opening in general......followed by a significant profit taking session.

My gut is telling me that we will close strong.....not necessarily up, but strong. Again, I advise that you stick with issues that you know well. There is nothing wrong, again, with making money slow and steady. Resist the temptation to go for the big kill ... too much stress involved and too much risk. If you can cherry pick the bottom, worth a shot...but don't chase in this market unless you want your head handed back to you. Hard to do, but resist. Read my "Rule of 72" article on tigerinvestor.com and realize that $500 a day equates to $125,000+ a year. "How much is enough" ..... as it was said in the movie Wall Street. That is a question I use for myself to keep me in check.

Trade well all.....and smart.

Tomorrow should be fun.

Tj
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