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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (9988)	11/20/1999 10:59:00 AM
From: Kirk ©	Read Replies (1) \| Respond to of 15132

These questions always amuse me... amateur investors..... A question to the board: Guess which group of traders amateur or professional is still in the game, still trading, and prospering months and years later? How would you determine a pro from an amateur? I would say that the amateurs have to go to an office every day and report to a boss. 8) Where do you draw the line for "traders"? 100 trades a day? once a day? Once a month? Once a quarter? I am sure you meant well, but it sounds a bit "arrogant" to me. Oh well, maybe it is because I have never hedged a position and yet have averaged an annualized 30% over the last 7 yrs? regards Kirk

To: MrGreenJeans who wrote (9988)	11/20/1999 11:24:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 15132

RE:<<still others have dabbled in hedging>> MrG, professionals and amateurs alike hedge every day. If you believe in Bob's 4% max. on individual stocks you are hedging. If you have a diversified portfolio you are hedging. If you don't trade on margin you are hedging. My point was it appeared to me some people were buying Bear type mutual funds solely in a speculative attempt to "time" the market. That is not "professional" hedging in my opinion. Professionals hedge all the time because it is prudent not because they think they can time the market. Hmm, I guess you can tell I just read the most recent edition of "A Random Walk Down Wall Street." <gg> Jeff