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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (22930)	4/18/2000 7:50:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 54805

Well, UF -- given that you have started calling me "TT" after just a couple of exchanges you must be getting used to my tendency to "stir" things up!:) No, I did not feel snubbed in the context of my first post on this thread -- more that it was not something that people wanted to hear perhaps because gg investing in the long run makes portfolio hedging/protection redundant. As many have found, grilla hunters are a tough audience, so if the topic presented didn't immediately capture the fancy of the gang, it just meant you needed to persevere So what you are really saying is that gorilla hunters tend to be stubborn?? from a GG standpoint, I have to disagree, and I also disagree that money management was overlooked in the fm. The type of money management you have outlined recently is a form of timing (technical investing) Now uf, you are jumping to conclusions; where, pray tell, did I ever advocate the use of technical analysis in relation to any of my posts on money management, on this thread?? All I stated in the context of my recent decision to go into cash in my retirement accounts was that having seen a return of close to 50% in my retirement accounts in a period of less than 3 months, it was a rate of appreciation that was unsustainable. I therefore made a conscious decision to exit long positions with the full knowledge that in so doing I might well be leaving some profits on the table. In a sense it was a macro-fundamental type of decision. I have moved about 70% of those very same funds back into the market --though any technician would advocate not doing so at this juncture because the market is vulnerable and individual stocks have broken down technically. But given that I am not seeking to time the low it does not matter -- what I know for sure is that I will be entering at lower prices than that which I exited, though that was not assured when I went into cash. Actually it was your name coupled with the observation that most of your recent activity has been on the Systems, Strategies and Resources for Trading Futures thread. Well, the next time that you look askance at one of my posts and its perceived incompatibility with gg, just read it as having been posted by "Tom Investor" as opposed to "Tom Trader":) I will readily acknowledge that I am not a ltb&h when it comes to trading futures -- the time span of my trades ranges from two days to three weeks in a position. However, all of these things are relative -- some of my compatriots on SI who trade futures are in trades for two minutes to three hours! Mike talked about his low maintenance type of investing; the amount of time that I spend on the type of trading that I do with futures takes me about 10 mins a day -- and I have positions in several futures markets every single day either short or long! It's very rare to find someone who daytrades and practices ltb&h. I suspect that you are right -- though in an odd sort of way, I think that these things tend to be related. To be successful in trading futures one has to be extremely disciplined -- the need for discipline when one is an ltb&h investor is just as important; it's just a different type of discipline.