<also wanted to ask where you
learned to be such a good trader.... >>....... me? LOL!
I naturally try to
look at the ways the landscape in tech is rapidly changing. Seems I went online when the break-thrus and advances were really becoming dramatic. I missed the earlier "frontier" days of the net, but sort of glad I did, yet look at us now with wireless access already a reality, and Bandwidth so big "you can put your tongue on the screen and taste that juicy sizzling Peking Duck! LOL! These were still fantasies, a year ago....when i was young!
Going online last jan/feb, was the perfect time to enjoy participating in the "irrational Ebullience" of the world's investors bidding up the internet. But learned to fiercely seek to become a better trader, suffering from one of the greatest disappointments on the net --->Etrade, Schwab, AMTD , OLB's, trying cash in on the trading craze & novice people going online to trade, yet offering with straight faces the most unreliable trading sites one could ever imagine. How do you become a better trader? A good analogy is to try go out & hunt a bear with a BB gun. that's trading with these brokers breaks down to. You'll get eaten alive or mauled!
Remember those days last feb when the media portals like CNET, and GNET doubled in a month? or CMGI & NSOL went past 300? ATHM and XCIT to 200? Then the the "Streaming Media" got hot, and everyone jumped on BCST & RNWK, and YHOO and AOL soared.... and also last Jan/Feb, QCOM won the patent suit for it's CDMA technology from ERICY, and I hesitated to buy on the news, till the next day when it ran-up from
$87 to $99!(one split ago) that "buy" was the luckiest start to any novice trader's begining. Also having someone wiser around to say :....just hold onto that one.
**as for being a good trader, well i don't know if I would ever dream of calling myself that. "Intuitive" , yes. The truth is I missed out on most of those earlier "big" runs, fighting to get Schwab's site to work on a daily basis. One of my first big Trades , was
GNET last Feb, when it had failed to match CNET's rise, and bought it on a black friday during a market mini shake, 2K shrs. Before i knew it i was $12K down, and to top that off , Schwab was behaving even worse than usual, to add to my horror. (And I pause here to say that Schwab , Etrade, AMTD should each be sued for $100's of mils, because of their utter complete failures as trading sites...and costing people huge $$).... So as GNET tanked , and I was trying for at least 1 1/2 hrs to get my positions & trading pages to load up....& then GNET made this miraculous recovery, from -6 to +6!... I was a novice then, and trading on AOL isp ( which is one of the the worst isp's you could choose, even the etrade techies tell you that) Between the utter frustration with F#@CKING Schwab, and the 'elation" of seeing GNET rise, and going from -$12K to +$12K, I decided to sell for a profit , because of the insecurity & the un-reliability of the Schwab site. It had been giving me fits from the day-1, and costing me $$ every day. Plus they were giving me shit of my margins which were dwindiling, because of them "crashing all the time. So I sold GNET that black friday, when everything else was tanking, thinking Schwab won't cost me this time....
This was last Feb, and I'd been trading for 1 month, remember, so I felt good but frustrated with online trading, but if this what was to be expected from a so-called "premier" financial institution's website, forget it! You couldn't even begin to focus on trading , while too busy battling to get RT quotes, or your order and position pages to load etc.
On the following Monday, Schwab was down again , that was the week that Etrade "crashed" for two days and made all the headlines ,last year ...and Schwab was doing it too. And you could not get thru on the phone for hours. Well here's the real sad part, and worth the wait to hear, because it was announced that Paul allen was going to invest $200mil in GNET that monday morning !!! But the site was down again, so I couldn't re-buy GNET. By the time the site was up GNET had soared 22pts , i think, and i never got back in. By tues, GNET had gone up another 20pts, and I had lost the chance to make $100K on one of my first big trades ,as a rookie because of those POS B@STARDS!
*BUT WAIT! The Story Gets Even Sadder ....because i moved from account from SQwuab to------------>E*TRASH!! LMFAO! ........God did I have to learn the hard way.another 4 mos of the most horribly frustrating site crashes and problems you could ever imagine. Never again.( if anyone's interested in signing with MyTrac.com, give me a PM, think you will be really pleased with them----->for sure!)
**Moral of the Story on how to become a better trader? Go on-line, put all your $$ into these OLB's, try to trade with them for 6 mos, and if you haven't lost all your money in that time....you will be a better trader! "What doesn't Kill you ....will make you stronger"
From the Martian Chronicles.
:-)
2MAR$ |
