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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Autumn Henry who wrote (68994)1/29/2000 3:30:00 PM
From: hometown35  Read Replies (3) | Respond to of 108040
 
This is my first post to this thread, I've been lurking
for some time. I feel I have more to learn then I have to share at this time so I don't often post. I would like to thank a number of you for not only the entertainment but also a great deal of information and wisdom.

I don't have as much experience as many of you, but I do study a great deal and hope to be able to contribute.

Even a blind squirrel can find an acorn sometimes, you'll have to excuse me I've always wanted to say that. (VLTS)



To: Autumn Henry who wrote (68994)1/29/2000 6:54:00 PM
From: Mr. Big  Read Replies (2) | Respond to of 108040
 
Invest in the right tools (a lot of them are free). Fast internet connection, quote feed, L2, real time charting software, fast computer(s), and attention deficit disorder helps so you can track hundreds of stocks at once.

Read a smuch as you can - there are some decent books out there. In particular technical analysis. The tape doesn't lie and being able to read a chart (5 minute - 15 minute - daily chart depending on your time horizon can help your returns and limit your losses).

Diversification is important even for guys like me who rarely hold anything longer than 48 hours.

Never take a loss of more than 10%.

The direction of the overall market matters.

Sell your losers immediately. You can buy them back later on the cheap.

It's not a profit until you sell your position.

Good luck.