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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Roger Schelling who wrote (96698)	5/8/2000 8:53:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Roger I don't 'make a point or two here and there'.. If I did I would have quit long before. I make essentially about 4 trades a day and 5 high end of my average. I am out at 5% loss but hold the winners longer so my profit percentage 3 times my loss percentage. You are describing a daytrader who holds 10-20 minutes and can make 20-50 trades a day. I would hold 10-20 minutes ONLY if the stock is really looking dismal and triggers a sell stop that quickly. I've had some of those in the last 6 weeks. We are talking percentage and 5% is my minimum (if a stop triggers) and I've been up to 25% in a good percentage of trades since March. On a few occasions I've reached 50% No, I have not made 200% or even 100% but a point here or there is for the birds. Holding a stock that is down 20% after you've made your 10-15% seems ridiculous to me but to each his own. It is my opinion based on personal trading experience that if you are not a chameleon in these radically changing markets of the past 8 weeks your profits will be 'gone with the wind'.. I don't advocate this theory in all markets. I like to position trade with the best of them, but when you hold steadfast to your theories instead of following the trend, you have to lose in the end. I have tried the buy and hold theory through thick and thin myself about a year ago and finally was stopped out with 35% loss instead of 8%. So the market came back after a few months, but I was still smarting after the 35% loss and not very happy. The second time I got out near the 52 week high and watched the market tank, this time I was on the outside and waiting to get back in at some bottoms. It was more satisfying, profitable. I was able to enter on 4 occasions and make over 60% on the very same 'type' of stocks that I lost 35% a year before. That is on top of the triple digit profits I had when I sold them the first time. I have lost myself and until you've lost you don't really know a thing (the collective 'you') about either investing or trading.