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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: snoman who wrote (70573)	7/29/1999 1:49:00 PM
From: Marshall001	Respond to of 164684

Exactly, I never sit well when I have by backside swingin' in the breeze. I prefer to take smaller position and smaller gains. They all add up and It helps my confidence. I think that is 80% of this game. Just be calm and confident in your descisions. If you are comfortable with your twig and berries hanging it the wind, I say go for it, I prefer to wear a cup (if you get the metaphor). Good Luck. BTW Just closed the short position with a small gain. Want to trade elsewhere. I'll be back. M

To: snoman who wrote (70573)	7/29/1999 2:07:00 PM
From: Paul Merriwether	Read Replies (1) \| Respond to of 164684

<<I wanted it so bad , I borrowed on a credit card to get started and paper traded for 6 mos.>> You are not alone, that's how I got in the market as well, seems quite common these days --------------------- Are you guys serious? Pay 21.99% interest to invest? Wow!!! That's like immensely risky ain't it? Speculation should be done with money that you can absolutely afford to lose without affecting your lifestyle(not that you want to lose it ofcourse). Better yet, it should be done with "house" money... I am actually very impressed that you guys did so well--the pressure of a credit card loan would never let me invest(and therefore I would never do it). To each his own I guess...

To: snoman who wrote (70573)	7/29/1999 4:42:00 PM
From: Glenn D. Rudolph	Respond to of 164684

One thing I have learned, is when I trade small amounts that I am not worried about losing I can do quite well, but when I have my lunch money at stake I tend to lose it. Fear can be a killer. Snoman, You have a very good point. I shorted AMZN last year and was stubborn enough to hold my short through a 1000% loss. Needless to say, I lost a good part of my equity. Prior to that occurance, my risk tolerance was very high. I then closed the short and took positions with the remaining much smaller equity to gain it back. I was always worried about the stock moving against me and for a while, I lost more. Jan suggested I take small positions and I did and I did much better thanks to her. Point5s are: 1. Cut losses more quickly. 2. Take positions within ones risk tolerences. Glenn