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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: jas cooper who wrote (65438)	10/12/1999 2:15:00 PM
From: AUrush	Read Replies (1) \| Respond to of 90042

Good points - seems like human nature makes it hard to learn lessons from others experiences, we all need to experience things for ourselves before we believ them - I know I am a much better investor today than say 4 years ago - but what I learned is what has always been available and "taught" - i.e. buy and hold, trade less, research, buy leaders in their industry, etc etc.

To: jas cooper who wrote (65438)	10/12/1999 2:26:00 PM
From: Dave	Respond to of 90042

Jas, Absolutely agree that for those who aren't willing to do the research, buy and hold is better and, in fact, it may be better than any type of trading. Motley Fool makes a pretty good case for buy and hold. The issue that plays into trading is that if you treat it as a business and can consistently make a profit, it can be used as income. Buy and hold doesn't allow for that. Many traders here would say they trade for income, but that they invest for the future. Nothing wrong with a little of both. FWIW, Dave

To: jas cooper who wrote (65438)	10/12/1999 2:30:00 PM
From: Bryan	Read Replies (1) \| Respond to of 90042

In 1997 I made about 500 trades. In the end, all it brought me was a higher tax rate. Then you must have done pretty well. Or did you mean tax preparation rate. I do a lot of option trading so it's hard to avoid transaction costs; they pile up quick. But you are correct about long term investing. Just pick good companies with steady earnings growth and buy more on price weakness. Bank stocks are good for that....and you get dividend income as well. NTRS..... my favorite. If I think I have a good short-term shot, I buy a CALL or a PUT position. I immediately know my downside (especially handy if I want to short something), and the time element ensures that I don't marry the stock. Jane would love to hear that. TAXES? What cha gonna do? bk

To: jas cooper who wrote (65438)	10/12/1999 2:47:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 90042

In 1997 I made about 500 trades. In the end, all it brought me was a higher tax rate, and much more time preparing income taxes>>> this is true...very few can make good money day trading and this is why you see alot of names disappear off of si....everyone thinks by just having an online account and a puter your can make a living...and now with all these stupid ads on tv sucking in more people to lose money ...the one who si making the big bucks are the brokers...this is my 8th year now and the first 2 years was an ass kicking for me...it almost put me out of business. i now do maybe 100 trades per month (max) instead of several hundred...one month i paid over 8k in commission and ended up with a profit of 3k after paying the commiss..