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 : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: roymario who wrote (28967)	4/8/2000 12:51:00 PM
From: Wes Stevens	Read Replies (1) \| Respond to of 56535

Your first rule of Preserve Capital is the critical one. TJ is the champ on this one. It is the reason that he is a very consistently good trader. I have not had the week he has, but I am very solidly in the black for the last two weeks because I have been stressing this as the first rule in my trading.

To: roymario who wrote (28967)	4/8/2000 3:08:00 PM
From: Canuck Dave	Respond to of 56535

Well, good to have you outed. Don't anyone be afraid to post if you've got a comment or question. I've learned a lot from the experienced hands on the thread. Their calm and rational exposing of my bad techniques has helped a lot. Looking over Roy's posts, he has had some good ideas for his trades. I regret not paying more notice to them at the time. The point is everyone has good ideas and an insight to bring, it's what makes for a good discussion group... CD

To: roymario who wrote (28967)	4/8/2000 4:42:00 PM
From: Trader J	Read Replies (3) \| Respond to of 56535

Roymario - You are well on your way to being a successful trader. Realizing your strengths and weaknesses is the first step. Preserving capital is a very important one, as Wes mentions, and your discipline on that item will be tested often. 80% of my trades these past 3 days have run far beyond the stops and sells that I have executed. On VRSN, thursday, I missed out on $6400, followed by $16,000 because I sold too soon .... opting instead for two, $2k runs. But the time you break this discipline is the time it will bite you. Make sure that you continue to identify the goal with each trade BEFORE you enter....is it a trade, is it an investment? ....and keep learning. I myself am getting more and more into long positions now as I continue to do well with trading. Please continue to share your "investment" picks as I am always looking for good plays. My next long plays will consist of a few from the following .... always looking for input: HLTH CNET RSAS NSATF (already have a small long position, looking to add) ELY CCR PFE IMCL LSI ZOOX tJ