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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (10815)	8/20/1999 4:26:00 PM
From: MskiHntr	Respond to of 59879

Thanks for the heads up. My cost basis is below 8. Keeping the faith.

To: TATRADER who wrote (10815)	8/20/1999 10:18:00 PM
From: LzzrdKing	Read Replies (1) \| Respond to of 59879

When I trade the Oils, I am watching the OSX all day long. It was almost straight down today after it peaked out early. That's why most oils weren't very strong. I sold some TMAR and PTEN. I like the sector, but when the OSX is weak, I reduce my exposure.

To: TATRADER who wrote (10815)	8/21/1999 2:50:00 PM
From: stock talk	Read Replies (2) \| Respond to of 59879

What everyone should know up front(see below). Also I have over 20 years investing experience most of it as a professional, most of the pros I have worked with would have net losses in their personal trading account in most years, only a few of the best of the best netted gains year after year. We should keep that in mind as we "play this game", I think sometimes we forget the deck is stacked against us, even with my experience I have suffered several years where I took 6 figure losses. Its very seductive business and very easy to have our ego hypnotized during the profitable times. Let this reminder serve as a wake up call that at any give time we are only 1 trade away from disaster, keep that in mind as you trade. <SAMPLING OF FIRM'S CLIENTS The state regulators hired an independent consultant, Ronald Johnson of Palm Harbor, Fla. to look several trading firms — All-Tech Investment Group Inc. and at another firm, Momentum Securities. Johnson, who based his analysis on a sampling of accounts at All-Tech & Momentum Securities , concluded that 70 percent of all traders will lose and “will almost certainly lose everything they invest.” Only 11.5 percent of traders demonstrated the ability to do profitable short-term trading, according to Johnson's analysis. Let try to doing everything we can to help each other stay in the 11.5% instead of the 70% group.