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

To: Canuck Dave who wrote (18367)	8/2/1999 10:35:00 AM
From: Wes Stevens	Read Replies (1) \| Respond to of 56535

I guess so :) Watching EFNT closely. The mm's dropped it two points at the open then ran it back to up 2 - right now up 1. I think this will do well this week.

To: Canuck Dave who wrote (18367)	8/2/1999 11:27:00 AM
From: LTK007	Read Replies (2) \| Respond to of 56535

The nitty gritty of cash flow investing--CD I firmly believe that if you have a lot of cash and re-enter the market at the right time you will retrieve all your losses taken to get to cash within days--I am now down to one stock IMCL--I made 50k in June/early JULY and lost (realized losses)45k since then,but now have 260,000 cash--when I research the debacle of this year I am actually still ahead as my bills paid is equal to 70,000, but I am ahead for the year now but a pathetic 40K(which means I am actually 30k less then I started the year)--after LONG study this weekend I came upon the startling simple hard truth--mindblowing---if I had ONLY done buyside trading when the MACD was positive for NASD and had gone to all cash when the MACD said was turning negative I now would be 175,000 ahead--that is the simple fact --I just told my broker my new revised target for February 2000 is to have 500,000 in my trading account--I toss these figures out because I AM NOT driven by greed but by a need to be sure my mom gets meticulous and special care ,so this isn't about buying a yacht:) I am hoping the lessons I am learning be passed on to others. Last year,I got wildly lucky in ridiculous run-ups of junk INET stocks, and because that mindless derring-do,I got a nice stash--this is the first year I have traded with a stash in hand--and I found one at this point must greatly expand his abilities,be careful,be committed to market TA,and above all begin to learn playing the short side. The single greatest essence of becoming a better trader is humility---and I have gotten a heavy dose. I am now going to spend much time with those who specialize in market timing,and learn all I can. BTW,for those who think to day is revealing a return to a bull market rally,forget it--- Max90