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


To: If only I'd held who wrote (30196)11/18/1999 7:23:00 PM
From: JeanD  Read Replies (1) | Respond to of 108040
 
Thanks for the advice. I have a tendency to berate myself when I miss the top, but I almost doubled my money on DRTN, made a few points on ISPD, and more than doubled my money on VIAD. (All in less than 3 weeks) so I shouldn't be complaining. I am sure IMAN will do just fine, and I have a good bit in ASDS (average price of 9) and SMRA from around 13 1/2. I believe they will do well also.

My problem is that my conception gets distorted watching Level II all day, and seeing all these stocks making big moves. Honestly though you can't be in them all, and it is absurd to expect yourself to make those kinds of gains on a daily basis. What I need to do, is stick to my mental price targets, stay focused on what I own, and stop trying to time the swings.

I've had a truly phenomenal year, thanks in large part to Kimberly and the wonderful people on this thread, so I am not complaining. I do find that I am REALLY hard on myself sometimes, and am working on that (<ggg>).

I agree that waiting for a good entry point is perhaps one of the most important aspects of trading.

I'm actually sitting here thinking how lucky we are to be in such a strong market right now. What a wonderful opportunity this has been to make money.

Jean