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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (33865)	11/20/1999 2:26:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

max90: having been burned once by trying to time this event, to gain a large windfall profit I have been saying this all along. And, I think I even posted this to you after you revealed your loss. For me, the best way to time a big down turn for the market is to be on the sidelines. I never bet the short side of the market with my retirement and retail investment portfolios. However, I do have day/swing trading portfolios (speculative capital) I use to go both long and short. I keep the day/swing trading portfolios at a certain percentage of the total. If it exceeds that percentage by a certain amount, I move the excess to the investment portfolios. I think way too many folks are day trading with the whole enchilada and trying to get rich quick. This is NOT a good idea and the best way I know to end up broke. Regards, LG