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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 (58494)	1/6/2000 8:36:00 PM
From: SgtPepper	Read Replies (1) \| Respond to of 108040

Same here, IOIH. I had my best week in 2 months, still keeping my 5000%/annum target line in sight. Moved entirely to the BB stocks over the holidays for the January effect. Pennies aren't very popular on this thread, but EDIG, AIGI, LMGR, and LORFF all had great runs. They probably have another double left in them. So many micro-pennies have doubled they now seem boring, REPR, ARET, MAMH ... I enjoyed the quality tech stock picks here for the last few months, but now own no stock priced higher than $7. When they're ready to start pumping out the internet IPO's again, the market will turn up and all those morose analysts will be happy again.

To: If only I'd held who wrote (58494)	1/6/2000 11:35:00 PM
From: Autumn Henry	Read Replies (3) \| Respond to of 108040

"I haven't traded much at all the past 2 days since they screwed up and straddled 2 of my positions." ***** I read your line there, "If only I'd held" and I think---that was perhaps your blessing in disguise that you were complaining about....:) Life is like that sometimes if one notices. In art we call that "happy accidents" when what you planned to do in a project has something happen that at first aggravates you cause you didn't have that in mind and it turns out to make the work better and you a better artist with a new perspective that you would not have had before if you had been "allowed" to continue in your closed-minded little robotic way. I have always appreciated "happy accidents". Your accident most probably saving you from getting hit by the market bus multiple times as some here have been through this current trading week. Ironically, I am looking at my "score sheet" tonite as, thank you god, one of my promises to the universe, if you will, was to have something I have wanted for over 3 l/2 years in my trading that I have always believed in and started in fits and starts throughout this time but could never keep going with cause it wasn't really "any fun".....it is a magnifying light enhanced daily trading journal like the pro's use and those who want to get there. I am mentioning it here cause I am reinforcing through public registry my intent to keep this holy habit I have wanted so badly. I have read that pro's who have bombed out, etc., have gone back over each trade and their journals and found their answers to where the problems were/are and what to do about them as well as enhance the strengths but ONLY because they dared to go back and look deeply and painfully at their trading. And of course, I can't really look back easily because I have not left the kind of breadcrumb trail via journal that could be crucial to improvement. That hurt! I take the opportunity to mention all this and then to humorously add that I find for the week, trading 4 people's accounts, in a tremendously hard trading week for me of where being in the right place at the right time in the right direction for the right amount of time as almost a trading surgeon would be called upon to do (ala $Mogul-types) I have wound up on the plus side of the ledger including expenses. The fact is that most often I have sat out these kinds of markets so I have only been able to improve X amount because I need to be in these types of markets now incrementally so that my skills may develop and flourish as I am sure that most of you know that you can only know "so much" papertrading and sitting out and studying and that it is another layer of difference really being in a trade. And the point is, my "score sheet" counting all trading costs and plenty and plenty of trades is that I am down for the complete week -30$ net. Now this is funny to me of course cause tomorrow I look to be in the black for the week as there is still hope!....:) How I managed to accomplish what I would guess to some as an enviable position with trading (it just goes to prove ironically how everything is "relative"....LOL) is that, as I look back at my journal, there are several conscious factors for Autumn. One is I tended to--know my limits and not be out to "prove" that I am $Mogul or anyone but little ole Autumn. Another is I --know myself. I know what this kind of "scary" market does to me and I early on saw I needed to trade things I knew like the back of my hand and when I did that I did better than when I went more on a limb of an experiment because movement did not have "nets" under them like they did in the two months before. I, when not trading "silly" while discovering these rules for self--knew the stock, the news, the earnings coming up, human nature numbers, what my indicators and price action usually meant, what the market mood was, where we were in rubber band theory, greed/fear strength, short covering, time of day, how the stock moved, what the juice momentum was and about how strong it might be... etc....all of which I concentrated on in a small circle of "well knowns". When times are "fatty" and you can get a poor entry but the market is so hot that you are a monkey throwing darts---well that is a different time and I can be more sloppy with this aspect of knowledge. But not this week or it would have killed me. Another is--I decided early on when I perceived this week as being "different" and most probably a break from the key reversal and bizarre first hour on Monday that if we were reversing or trend changing it was likely I could do two things really well and if I was lucky a couple of other things might be possible. I assessed that it was likely that I would lose money this week because my forte is not this kind of chaos/reverse trend--people bumping into each other type of market---with some not knowing the market has "changed" and they are still playing the old game of before combined with those who are like trading wolves and are smelling the change in the air and shifting playing gears. That is chaotic times--alot of cross-current energies going on--noisy. I remember the first time the market changed from very bullish when I started ("froth" was what they called it for the first time I believe 3 l/2 years ago) at the trend turn---I did not realize for 6 weeks that the game had changed!! I consider it remarkable at this time how dumb I was! And because I suffered the pains of hell playing the same game that didn't work as I had never seen any other game before!---I decided right then and there I was going to make this a top trading priority and master the ability to recognize as immediately as possible the trend shift. And I set about to doing just that. I remember that I kept keeping track of how long it took and each turn I kept getting it closer and closer to the actual moment and I can say that it is not "unoften" that I can peg it anywhere from l0 minutes to within a day---and on Monday I smelled it to me in the even before the market opened--things were too surrealistically "bouyant". I factored in everything and then when I found out about the initial moves in ORCL and EMLX I knew we were not in Kansas anymore and that something smelled very very funny, sour and wrong--then we had the key reversal and the rest is history. Now part of the point is that all that study has paid off in "knowing" but it has not paid off in "doing" because I have had the tendency in this kind of chop to stay out or get clipped and because I did not feel like getting clipped but I wanted to advance and not just be a spectator anymore I had to evaluate what I could use this situation for incrementally in my development as a trader. I decided I knew I could a) trade regular size and probably lose money and be somewhat traumatized by it b) I could trade very very small like Mark Douglas told me to and "pay tuition" to try some stuff out I always wanted to try in this kind of market but was afraid to find out and advance without paying too much for the education and experience or I could c)sit out like I mostly do and have all my money but no satisfaction or advancement yet in this underdeveloped trading skill area d)trade like $Mogul and make out like a bandit and have bragging rights on Friday! Now, of course, I picked D as my ideal but then had a reality check...:) and decided I would be most happy with B and so early on this week I decided with my beginning stage reality (years of study--- but trading in and out!!--not in this kind of market!)I would just see how unscathed I would be by the end of the week and if the water got too deep like today and I couldn't hold my trading breath long enough under the water of some really really advanced trading requirements I would just surface and sit on the shore and warm up and catch my breath and just observe again. And that is what I did today when I cried Market UNCLE finally and sat out till the end when I recognized the run up and I dove back in refreshed and pegged a few points. I waited until I recognized something very familiar. And so that is why I am left with almost even for the week so far and am very happy for it. I sure got a whole heck of alot of experience and personal satisfaction and education and delight from trading and only paying 30$ for the privilege. I knew early on not to set myself up for unrealistic expectations of huge gains this week even though I would accept them if I managed to be able to trade more proficiently than I thought. But I am actually delighted about the results as I traded things I have only paper traded or dreamed of trading or trying and I went into the burning building repeatedly and didn't come out with 3rd degree emergency room burns and it was not cause I was "lucky" but because I knew my limits and I set about to doing something realistic for my trading as well as advancing in the way I need to advance. And I gained so much!!! Much more than my measely $30 tuition! And I bet I could have a line of people wanting to change places with measely ole me tonite (most of them in LU near the high on margin....:)based on my results. And so the week has been a great gift to me. It has only cost me $30 and is the best bargain in town for the gal who doesn't have everything trading ....yet! And there is still hope to be $Mogul tomorrow!..... What more could a trading gal want? ;) Autumn