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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: JeanD who wrote (30181)	11/18/1999 5:12:00 PM
From: BarbaraT	Read Replies (1) \| Respond to of 108040

For me, I guess it's three times the charm. ADCT and ATHM have repeatedly knocked on the door to my break even only to fall back -- and have me swear at myself for not selling and buying back lower. So, this time I followed through ... but so did the stocks <gg> up and away, that is.

To: JeanD who wrote (30181)	11/18/1999 5:26:00 PM
From: Mr. Tomatohead	Respond to of 108040

pretty funny, I just did that list thing a couple of days ago. I think it may work out well as a reminder. If not, there is always the "mousetrap by the keyboard" option.

To: JeanD who wrote (30181)	11/18/1999 6:56:00 PM
From: If only I'd held	Read Replies (1) \| Respond to of 108040

Nope...that's not it. What you have to do is find the companies with the lowest revenues, the biggest losses, and biggest touters, and go in head first. The turdliest companies seem to fly the highest. <gg> Or you could just make a living shorting Tokyo Joe's calls. (hehe) Seriously though, if you want to make money, this is what you do... Don't trade too much !! Buy companies that you feel comfortable holding and dollar cost average yourself into the position you want. Don't just leap in all at once. Especially on a high flyer. If you decide you want to own 10,000 worth of a stock, split the 10 gran into 5 equal investments of 2k each. Then, once a month, or week, buy your portion. And then, don't keep selling it every time it goes up a little bit. Just keep up with the news and events in the company and re-evaluate the stock from time to time. There are lots of good companies around right now, most of which are overvalued. But when you find one that you like, stick to a disciplined plan for investing in it. I bought MKTW at 28. It took almost a year, but I swore I wouldn't pay more than 30 for it. But I got the price I wanted by being patient. And no, I haven't sold it. But I haven't bought any more either. It's just tucked away. Patience and discipline are the most valuable tools you can have, and they are the hardest to learn to use. But you can't do the job right without the tools. We all have trouble with this at times. FATB kicked my ass more than once, and finally, I just said ahhh, screw it, I really like the company, I like the business model, I'm just gonna own it with cash. So I averaged myself into my position over a 2 week period and it got me an average cost of 18-3/16. I have not sold any of it since I completed my position. And I don't plan to. Once in a while I trade some, but I never touch my core position. The trading hasn't done nearly as well as my core position has done, trust me. I reserve some capital for trading fun, and capital appreciation. I have never taken any money from my accounts to live off of. I use my profits for long term investments. It has been snowballing for me. (or compounding) If you keep looking for that quick kill all the time, I assure you the Grim Reaper will pay a visit to your trading accounts, and you will be finished altogether. Get disciplined, and stay that way.