To: Scrumpy who wrote (64722 ) 10/6/1999 1:39:00 AM From: Jenna Read Replies (1) | Respond to of 120523
..I think they are down because they don't do any shorting. Also I think the buy and hold strategy was worst of all last few months. No matter that my shorting is less polished than I would like (but I'm getting more educated, but it will take at least 6 months more to be comfortable) I'm still up lot more than I'm down in the shorting. I personally know traders that have made 8 figures in the last few months (proven really, not me of course, although people assume I'm investing 20 or 30,000 shares I barely go over 1,200 on anything. And if they are maintaining portfolios that they 'must keep' because they 'committed themselves'..its not fair to judge them for it. I have no loyalties to any stock (not even ADBE or INTU) and after what happened with CNQR, MAT, REV even RAD I have no illusions about safe stocks either. I feel like the sky could fall any minute and I don't want to take any more chances than I have to. I still think that trading one portfolio and holding stocks in another for as long as they keep a profit lowering the stop every so often to allow for 5-6% corrections in good companies is probably the lesser of all the evils. But nothing is foolproof.. I bought HLIT on Monday and regretted it until it proved itself, but it could have gone the other way. I got YHOO only for a half-day trade so I'm 'hit n' run' usually unless I find a CAMP, ADIC, UNFY, PUMA but I'm sure I work much longer hours than those people and have a whole lot more funds for trading than they posted but a whole lot less in investing and fully 50% of my net worth is just in money market account. Its funny that even though the money grows slowly, I enjoy it because no one can take it away (except the government).. its like the reverse for investors. I savor not having to invest it because I mistrust every stock.