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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (18068)	7/26/1999 6:36:00 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

It's about making money,I have plenty of experience regards taking losses,but you have to adjust and adapt to EVERY situation, make constant,constant mathematical decisions--I would loved to have taken my loss at 2k but I wasn't at my computer-if I were to eat a 24,000 dollar loss to just keep to a formula I then would insist I have a brain transplant-to take my loss now would be rank,and unforgiveable bad stupidity on my part.Max Also I do NOT define myself as a trader--I am working at making money for crucial reasons.

To: Trader J who wrote (18068)	7/26/1999 7:25:00 PM
From: LTK007	Read Replies (2) \| Respond to of 56535

I been surfing Yahoo and Raging Bull boards with ANY of the tech/inet stocks that went down and I am overwhelmed by the excessive amount of immaturity and stupidity--on every single thread I see posters abundantly posting about this Piece of %&(& stock and how they rue day I ever bought this POS stock---this is going on with board after board-- and I realize there are a lot of people out there who should not be investing and/or trading money--they live in clueless narrow world of their own stock,and have zero cognizance of market dynamics. And they seem too often to have some person to blame for their grief,be it MMs or Greenspan. One guy was lashing out at NPLS saying how he was down 57,000 thousand on NPLS and he was going to have his margin called. That is sad--and it stresses the point--margin is dangerous in inet stocks. But above all what hear is what some pro told me,"if you can't handle pain don't invest",period.

To: Trader J who wrote (18068)	7/26/1999 10:33:00 PM
From: Jerry S.	Read Replies (1) \| Respond to of 56535

With that said.....I am out of NPLS today at 19 1/4. and....into AOL at 101. TJ, hmmmm. Isn't that like jumping out of the frying pan and into the fire? LOL. Actually, I think that getting into both NPLS or AOL at these levels is not a bad idea. Like Spirit said, what goes down fast goes up fast. I held a lot of i-nets today since I bought them rather recently at lower than normal levels. My TUTS bounced back some off its low at e.o.d., as did some others. Seems like we have these big dips at least once a month only to have them bounce back - great trading patterns if you can hit them right.