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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (5457)	2/9/2000 8:25:00 AM
From: JDinBaltimore	Read Replies (1) \| Respond to of 11513

Hi Chip, I don't know either -ggg-. I play too close to the vest. I hate the term "Day Trader" .. bad conotation. I'll stay in positions over night. Deep in the money for 3 or 4 points, and I'm gone. Actually, I don't want to have to go to a job again! -g- I was watching some of the trades being made yesterday on the thread, some looked PAINFULL -g- a little whipsawing going on. I may take you're challenge, but I don't know if I have the mental staying power to seperate cybercash from spilling over into my bank balance; ie. make 200K in cyber cash, and think that I can pull it off for real! Do you have any problem separating the two? Do you feel that you have a tendency to become more risky in your real dollar trades? It took a long , long time to develope that "Money Management" ability. Aside from making the decision of whice side to play, I feel the hardest decision for me has been to realise that I was wrong, and get the hell out! I've burned thousands of dollars... just sitting and praying that the turn to my direction was comming soon. Now that I have mastered that skill, I'm like a alcholic on the wagon -g- I don't want too loose that ability to know that when I'm wrong, I must leave. I'm really curious to know if it effects you;re trading, or am I completely off base, and in fact it is helpful. Best Regards John Dietrich