To: Daniel Mack who wrote (14955 ) 11/14/1999 6:59:00 PM From: KevinThompson Read Replies (1) | Respond to
Daniel, I would echo many of your sentiments. My most successful trades have been when I had absolute confidence in what my outcome would be and didn't let myself be detoured by fear and emotion. I don't have a crystal ball, but some plays you just know where it's going. My best example is the LIOX trade I made earlier in the summer. It was mentioned by Kaliico. Over the weekend after the mention, I spent a lot of time reading everything I could about them. The more I read the more I was absolutely convinced of the opportunity for gains I would have in the trade. (Several very positive elements to the play at the time - QP play, low float, IPO'd on a bad day, IPO'd at reduced number of shares and price, etc. etc..) Therefore, I bought. Then it went down from where I bought. So, I bought more, then I bought more, and yet bought some more when it really began to rise. It wiggled up and down, but unlike many of my other trades - I didn't care because I was totally convinced of where it was going as we neared the end of the QP.
