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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (23708)	4/11/2000 11:15:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

. . . . . . The Markets Continue On. . . . . . Delphic, Yes, it is about this time each year, when I notice some names sort of disappear from the SI boards. ALL, I stood on my soapbox. I proclaimed the selloff from the rooftop of our monitors. I explained why we would selloff a dozen different ways. I gave a dozen different solutions that would help some get through the selloff. I gave a pre-warning about a month ahead of time for those with large complicated positions. I did about all I could to educate the readers here that we would see a major decline in techs that could hurt pretty badly. And still some refused to hear. I know that I am not responsible for those that would not listen. But I sympathize completely. If you guys know how many times I have let my own trades wait, while I typed out the whys and wherefors of market calls. . . .or how many other sacrifices were made in order to keep everyone here a step ahead of the markets. . . and you wouldn't believe the hours spent in the name of giving the individual investor reliable accurate market calls, plays, predictions, analysis and commentary. So it pains me to hear that anyone lost a nickle in this latest selloff. As for techs, they always were seasonal. We constantly refer to the "tech season". . . and as for how to get from one tech season to another. . . there are plenty of other market plays than just tech stocks. . . In the summer, we typically play penny stocks, timing plays, IPOs, daytrading, news driven swing trades and position trades of less volatile blue chip companies. Among other calls last summer. . . . I called A.T.& T. for a 10 point gain in a single week. . .a stock that we could place large amounts of money with little worry. I called gold stocks late in June, when everyone thought I was out of my mind. . . until we gained about 30% on our basket within a month. There are plenty of ways to win in the markets. . . and to rephrase your quote. . . . When you can no longer make money riding a bull market, you need to rely on genius to make your money. Instead of going cash. . . I am looking forward to those 9%, 11%, 14%, 22% dividend yield payouts every 3 months . . .from the REITs on my Favorites list. Delphic, regarding your taxes. . . perhaps you should consult a tax advisor. As a professional trader, there are many deductions that can be taken that investors may not take. . . such as commissions, quote services and financial subscriptions. As a pro, tax is paid on the total gain as a business. . . not on each and every trade. . . I have found this to be preferable over trying to stay an investor and worrying about every little trade I make. . . .but then, I typically payout $500 to $1000 in commissions each day. . . and some daytraders pay out more than that. [You'd think the brokerages would love me. . . not true. . .they want my capital. . . all of it] NOTE: Everyone must seriously consider all their tax options and classifications prior to becoming a heavy trader. Likewise, everyone should consider the type of trader / investor they are and act accordingly. Best wishes to all, Rande Is