Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SouthFloridaGuy who wrote (93014)	4/4/2000 9:41:00 PM
From: Wes Stevens	Read Replies (1) \| Respond to of 108040

Good traders don't have opinions, they trade. I find that if I am too sure on how the market will go I react too slowly when it goes the other way. This morning I thought we would rally. When we did not, I got out in a hurry. The bottom line is right now no one can tell what the market is going to do. How many thought the naz would go down 600 points?? And then to recover 500 of it? Better to not think too much on where the market is going or even why right now. Just trade fast and nimble.

To: SouthFloridaGuy who wrote (93014)	4/4/2000 10:04:00 PM
From: Frederick Langford	Respond to of 108040

Markets go up, Markets go down. Over time, money is made. Short term traders can trade either side of the market. A flat market is deadly to a trader. If one wishes to trade the volatility, stick with stocks you know, preferably profitable or nearly profitable with strong revs. Plan your trade, if you don't get it on your terms, pass it up. Take profits relentlessly when they present themselves. Fred

To: SouthFloridaGuy who wrote (93014)	4/4/2000 10:13:00 PM
From: Frederick Langford	Respond to of 108040

Puff, I was just reminding you that being so dogmatic lends itself to reminding you about some other times you were equally zealous <g> The truth is, everyone makes mistakes, short term is always best guesstimate. If it was easy, the rewards would be much less. Wishing you great success with the new company and the hedgefund. Fred

To: SouthFloridaGuy who wrote (93014)	4/4/2000 11:47:00 PM
From: westpacific	Read Replies (2) \| Respond to of 108040

Puff is so right on today - listen to this man - he speaks many words of knowledge! And a personal thank you from me for all you have done for this thread over the past year. I am with him, something much deeper is at work here - the pain could get deeper and if that happens the man on the street has yet to sell. What we have seen here is pros - daytraders and money managers evening out portfolios. Raising cash - that is what a good trader does in times like these. There is still much profit in the technology sector, my attitude is to protect what gains you have! Way to much of an unknown. On the news all I hear is that the sector is way ahead of itself, even after this sell program. The call is for some bounce but in the months ahead we could trend lower. I posted a report Friday from a Pulitzer Price economist whom stated even the DOW is 2000 pts. ahead of itself. Look at the facts, it will be a gift if we have any rally - a gift that I know the smaller investor will use to take money out and onto the sideline. It was a gift the market pulled itself right today to give an opportunity for those whom choose an exit gate to save what they can - ready to play again at some time in the not to distant future when the market is ready again. Risk takers eventually crash and burn - flight may not be the answer - but a trader always protects capital first and foremost. He waits until there is money just lying in the corner waiting to be grabbed. The market does not present that trading environment at this time! Until that time - cash is king my friends.