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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: elepet who wrote (14913)	11/13/1999 4:39:00 PM
From: bobkansas	Read Replies (2) \| Respond to of 57584

IMHO, much in the way of your mistakes comes from a lack of understanding your own self. When you understand your own fear and greed and the market's you can then see what you need and where you want to be. Strategies develop from knowing yourself and not the other way another. Much could be said on this subject by others much, much wiser than me on this thread. Sorry to be self-righteous, but if I were you, I would study yourself BEFORE you invest or trade the money you have. BOB@ireallyshouldworkonmyself.com

To: elepet who wrote (14913)	11/14/1999 12:16:00 AM
From: Rande Is	Respond to of 57584

Elepet, I appreciate your sincere request and candor. A few things for you to digest. . . there are many types of position trading. . . you need to know which suits you best. . . .playing undervalued issues requires getting in when the market is down or bears are in control. . .or when an issue tanks or gets a haircut. But with the current bull run, we no longer seek undervalued issues, but buy the breakouts or dips of those we feel will run the farthest and yield the best percentages. . . but this takes lots of practice and discipline. If it were easy, everyone would be making money playing the markets. . . We spent much time during the summer doldrums planning these trades . . studying which issues were better than the next, etc. . . and we add to that info daily. . . with each post. Anyone skimming or skipping posts on the HOME thread is going to be completely lost. The real meat is often hidden way down in posts here. . .Most everyone that reads this thread reads every single word daily. . .and keeps current on each trend or sector move. . .and like a finely tuned driving machine, it only takes slight moves of the wheel for us to change directions. Also, there are bad habits that need to be eliminated. You know what most of them are, but making a change is often difficult. If you have made bad picks, then rely more on others, provided you do your OWN DD. And for every position trader, there is a style that works best for them. . . you need to learn what that is. . .and when you find you are making successful trades. . . study them long after the fact, to better understand WHY that trade worked so well when others failed. There are rules and methods and disciplines and due diligence. . . but you really do need to know yourself, as Bob says. Know what you are capable of and where you tend to have a weakness. . .if you tend to hold too long, start selling earlier. . .etc. etc. . . commmon sense. There is tons of investment/trading knowledge and tips on this board. . . you can go back as far as you wish and it never changes. . . just pick a month and start hitting that next key. . . or better yet. . . use the "this subject only" search and key in a word that interests you. This should help get you started back on the right track. Feel free to ask specific questions. . . there are many qualified traders capable of answering them. Best wishes to you. Rande Is