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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (23710)	6/6/1999 8:27:00 PM
From: Sir Francis Drake	Respond to of 74651

<OT> t2K - trading is a lot like wave surfing. You can never be only on top of the curve, you'll inevitably take spills. The idea is to net it out so that your losses are fewer than your gains. Recently I have not been trading MSFT, simply because it is too range bound. I try to hop on trends, like I did with PFE, QCOM, CSCO etc. There is a lot more going on in these types of stocks than MSFT. The advantage MSFT has for a trader, is that it is so much safer - it is hard to lose 10 points in one day like with a net stock, but the reverse is of course that it rarely jumps up by 10 points in one day either. However, if you can calmly execute multiple trades for 1-2 points, it all adds up, and you still limit your risks. Frankly, I cut my teeth trading MSFT - and really, trading every stock is different; sure there are some common rules but, it is good to get to know a stock well, and hone your methodology. If you range wildly over different classes of stocks, you are liable to pay a lot of commissions and sit on big losses. With time, you can learn to trade a variety of stocks, but IMO, it is good to start with a safe one, and learn it well. Good luck! Morgan