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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (41297)	6/21/2000 9:22:00 PM
From: AllansAlias	Respond to of 42523

Well clappy, good luck in your quest; seriously. I think one has to decide on a timeframe. If you can handle drawdowns and you like macro stuff, then that can be a huge winner. The other way works too, and this is the thing I have been drawn to these last few weeks -- short timeframe NASDAQ futures, one mini contract at a time. Timid perhaps, but it is for now my style and it feels best. When I push, I get screwed. When that doesn't work, I usually look for stuff that wants to go down. I have generally lost money at that so far, but I feel better about INTC and NT. We'll see. --- BTW, I think we have had a runaway gap and a continuation gap on MSFT and $86 intraday is a lock. --Allan

To: Clappy who wrote (41297)	6/21/2000 11:12:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 42523

Congratulations on your graduation from the small investor school of hard knox. <g> It's a tough degree to earn, but you're better off in the long run with that experience. My 3 rules for trading 1. No one ever went broke taking a profit. 2. The longer a trend has been in place, the more likely it is to reverse. 3. The market is never wrong. And I might add: Use stop losses, and question everything. Everyone has bad periods and good ones. I lost a ton in 98'. Roll with the punches and you won't get KO'd TW