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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: fuzzymath who wrote (10060)	1/19/2000 11:26:00 PM
From: Jack Jagernauth	Read Replies (2) \| Respond to of 18928

fuzzymath, On Thursday I bought FFIDX, it rose Friday with the market, but on today's big decline I sold. I made a 0.55% profit and am now in cash again. Glad to hear you picked up a nice quick profit. Depending on the size of the stake, that type of short-term trading can work quite well, and with manageable risk (i.e., less exposure). Somehow, I feel that I might be better off over the long haul, if I maintained a consistent 'AIM' psychology of selling on an upstroke rather than selling when the markets are pulling back; otherwise, I just might end up doing the wrong thing at the wrong time. In the example above, to my way of thinking, I would have preferred to exit on Friday when the index was having a positive day. Of course, that's not always possible, and it does make sense to me to lock in a profit, quickly earned, rather than ending up in loss situation. Do you have trading rules posted at your site? I would be interested to have a look at the rules you use for entry, exit, etc. Thanks for sharing your thoughts. Regards, Jack