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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Lane Hall-Witt who wrote (44855)	6/16/1999 6:10:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

You are not the only one making mistakes, but my feeling is if you don't take the plunge you can't get anything. But I can tell you Lane, that I'd rather have traded like you during the past 6 weeks and left money on the table then lost the kind of money I know people have lost when they didn't get out of the market in time. Some on this thread were lucky especially with AOL and NITE, but others had to get out of AOL, NITE, NTBK, GNET, CMGI etc. with big losses as they had to answer margin calls and otherwise didn't enjoy watching 40 to 50% losses and they succumbed and sold. I did not get out because I was particularly astute or timed the market brilliantly, I got out because I nearly lost a fortune on NTBK and with a lot of darned luck I was given a second chance (Monday, one day before the famous Tuesday sell off or what is better known now as the beginning of the end) and I wasted no time and sold even to the last 'of my remnants'. Had a second bout with the nets just a few weeks later TBFC (about the 11 of May) when after an excellent earnings report and a 20 point after hours run up the stock was actually down 10 points the next day. I managed to get back the losses and make some gains in a few lucky days (one just recently). but the 'thrill' of the internets had lost its lustre for me as I have never in 4 years seen a stock that was up 20 in after hours trading actually be down 10 the next morning.. NEVER.

To: Lane Hall-Witt who wrote (44855)	6/16/1999 8:00:00 PM
From: Scrumpy	Read Replies (1) \| Respond to of 120523

You may want to check out the book "Trading to Win", by Ari Kiev. He addresses the psychological pitfalls of trading. When I read it the first time around, my thoughts were "That's me. Mmm hmm."..."Uh, there I am again!". Etcetera. Practicing caution has it's advantages, Lane. I think all of us have been through a period in our trading lives where we wished we had practiced more of it. Myself included. If that's not enough, just go to theStreet.com and read James Cramer's posts, and you'll know you're not alone. Regards, Scrumpy Now git 'n there and tRAdE, baby, TRADE!

To: Lane Hall-Witt who wrote (44855)	6/16/1999 8:05:00 PM
From: ComradeBrehznev	Read Replies (1) \| Respond to of 120523

Lane, welcome to the club. I bought NPNT this a.m. after it raced to 38 and settled at 35. It immediately dropped to 33.5. When it bounced back to 34.5, I sold it. Of course it ended the day at 36.5 arghh CB

To: Lane Hall-Witt who wrote (44855)	6/16/1999 8:44:00 PM
From: Judy	Read Replies (2) \| Respond to of 120523

So glad you posted this Lane....guess we ought to start a club. We have been trading alike, and thinking alike. After only watching today - I can't believe that is all I did - I am now asking the question "Is it the market you don't trust or yourself?" Does anyone have a "cure"? <G> I feel I am at some sort of significant crossroads in my trading career. Have you "pros" been here? Have read most of the books mentioned. Maybe I should reread them? Hope someone can make sense of what I am trying to say/ask. Great thread! Judy