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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: JZGalt who wrote (8808)	10/9/1999 12:20:00 PM
From: OldAIMGuy	Respond to of 18928

Hi Dave, I had noticed on your "results" page that there were plenty of small losses. I'd assumed that these were "stop loss" generated because the time frames seemed short also. Yes, there's merit to stop-loss activities in some cases, but if the fundamentals look good, it's much less necessary. I've never felt the urge to use stop-loss orders so far. Even back in my Pre-AIM days it seemed that it would just guaranty a loss rather than anything else. However, one of the reasons I switched to AIM from much shorter term strategies was because the results I had were inconsistent. Maybe Stop Loss would have helped, but AIM has brought about the consistent results that I sought at the time. So, I never did any further experimenting with stop loss orders. I remember hearing my brother talk about people attempting to place Stop Loss orders during the couple of days of the 1987 "crash." These folks actually just made their own situation worse, since at that time nobody could get a "real time" quote anyway. At one point on Oct. 19th, 1987 I was on the phone with him for a while. My 15 minute delayed signal showed the DOW at about 1950 and my brother's screen at Paine Webber showed about 1750!! He knew that the 1750 wasn't even current at the time! Not a time to place market orders!! I was a big buyer on the 19th. I continued to buy in an AIM-like fashion for the next month and a half until I exhausted my cash reserves. Actually it wasn't all that different than a year ago, but that was more of a "stealth" slide. I nearly exhausted my cash then as well, and here a year later, I've doubled the value of the account from its lows and have set new record highs for several months in a row. Feels good. Don't know why I'm rambling...... I'm off to watch my 7th grader's soccer game..... Bye. Tom