To: BarbaraT who wrote (56575 ) 1/4/2000 11:37:00 PM From: Autumn Henry Read Replies (1) | Respond to of 108040
Barbara, thanks for the post on 2000%. Yes, the downside is that one feels like an apologizing "failure" almost for making triple digits. The upside is that it opens up your mind to what is possible by ordinary mortals that are not in the wizards books and who kinda allow us into their trading life and to take our magnifying glass and follow their footprints like a trading detective. Not only with their picks but also with their percentages and such. As for example, a few days ago I believe, and this is public record here, Mr. Big mentioned that he had something at about 40% or more of holdings in one stock (BWEB?/Mr. Big correct me if I am wrong in any way). And because I don't know about that percentage as my personal favorite for money management--well so far it works for him, and I get to think about it as applicable or not for me--whether I have to put those kinds of eggs in one basket to get higher returns like that which is something I think may be happening with some of the higher returns but this is conjector at this time on my part but I get to consider this idea. To me it is an advantage to have things like this to think about. Also, I had asked about what trading has to look like to make 6000% like Kimberly makes at minimum. I didn't get an answer for that type of aggressive trading but when I imagine it I don't know if it fits my beliefs and risk parameters and advantages. And believe I understand that Kimberly gets some great "deals" on IPO's (I can't do that). She can move markets with mentioning a stock and get others to follow in after her often at higher prices(I can't do that). She has talked about market maker discussions (I can't do that), and a few other things so I really don't know what 6000% entails that has to do with advantages I don't consider at this point as part of my world. But I have to imagine it is really aggressive even factoring out her obvious advantages and those are just the ones I know about. So I have to factor things like that in for my percentages. And so I come to that fact that in trading there is always, and I mean always, a reason to baby seal club yourself. It is made for that almost better than anything I have ever done. It is one of the easiest ruts there is to fall into and if you need a reason to beat yourself up then you have come to the candy store for your fulfillment. But what I use this forum for is to raise my level of personal expectation possibility because I see mere mortals achieving wonderful results. I get to watch what I can of them perform. I get to pick up nuggets here and there and examine them and examine my values and trading and consider implementing them or being glad I don't do that. And folks if we really want to find something to feel bad about one can always realize how pitiful even our best traders are here because if they had started Ask Jeeves instead of sitting behind a computer pressing buttons all day they could have made millions of times more money! I mean on the "Wealthwatch Meter" on CNBC the other day the l/2 owner/Ceo of stupid ole Home Depot---well let's just say he personally makes 35 million dollars a point when his stock goes up so yes, Barbara, everything is relational and that sure makes our "wizards" here pale wouldn't you say? I figure I have a view of a certain kind of trading heaven here and I want to use it for all that it is worth and what it is worth to me is to improve my performance in an incremental way and to be grateful I have this opportunity. Autumn