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

To: Rande Is who wrote (29469)	7/12/2000 3:56:56 PM
From: JLS	Read Replies (1) \| Respond to of 57584

Err....so which answer is correct? <g>

To: Rande Is who wrote (29469)	7/12/2000 4:21:06 PM
From: Knight	Read Replies (1) \| Respond to of 57584

Rande-- I coulda, shoulda,; danced a jig as a playing investor newbie--holding my bought on margin beer--looking down what road?I'm dazed and confused--didn't see any rockets-- Did see some green but sure woulda liked to have more!! I couldn't resist!!<VBG> Vickie

To: Rande Is who wrote (29469)	7/12/2000 5:15:49 PM
From: debby	Respond to of 57584

Wouldn't it be wonderful if tomorrow could be a repeat performance of today. Maybe I could seriously consider switching from my full time job to part time

To: Rande Is who wrote (29469)	7/12/2000 10:19:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Tech Earnings Reports This is not intended to be an all-inclusive list. I've listed earnings dates on some of the tech stocks that I think: (1) will give upside surprises, and/or (2) are still well off of their highs, with enough upside room for a nice swing trade. Note: (a)= reports after market closes (b)= reports before market opens 7/13: ALTR, PMCS, JNPR -- all (a). PMCS and JNPR are good split candidates. 7/17: AFCI, MIL, NVLS, SANM -- all (a) 7/18: STM(b); BRCM, ELNT, RFMD, TERN -- all (a). BRCM is a split candidate. 7/19: BOUT, CNXT, JNIC, SNDK -- all (a) 7/20: IRF (Gilder Powercosm pick), MCOM, NEWP -- all (b) ATML, ELON, EXDS, SAWS, TQNT, TXCC, XLNX -- all (a) 7/21: ANAD, ERICY -- both (b)

To: Rande Is who wrote (29469)	7/13/2000 4:19:32 AM
From: The Flying Crane	Read Replies (1) \| Respond to of 57584

>>"If you aren't making money today, you need to seriously re-consider your entire trading / investing strategy!!<< It is easy for you to say this because you're a very disciplined and seasoned trader/investor and, from what I read in this thread, a rather good one too! And I agree with Kevin when he said "Point is that most of us have been in all of those states at one time or another." I like to expand on that by saying that even now and then, regardless of our level of experience, we still go thru some of those problematic situations mentioned on the list. Why? Because we're all human and therefore are subjected to all the up and down of our emotional roller-coaster. Notice that most of the items on the list deal with the emotional side of the trade. For example: A budding newbie? (Fear and Greed) A bag holder? (Too greedy) Afraid to get feet wet? (Fear) Holding out for a one day rocket? (Greed) Dazed and confused? (Fear fighting with Greed) Beaten down along with your portfolio? (Fear due to Greed) Dancing a jig? (Reward from Greed) Standing on the sidelines saying "I coulda. . .I shoulda"? (Fear beat Greed) Taking profits into every rally? (Controlled Greed) Crying in beer? (Regret due to Fear) Borrowing money to buy a beer to cry in? (Remorse due to Greed) Looking down the road several years? (Fear if you're deep in the red and Greed if you're deep in the green) Looking down the road several days? (Fear if you're in red or Greed if you're in the green) Can't find the road? (Fear is confused with Greed) IMHO, to be successful in trading/investing, we have to be able to keep the above emotions in check. Grant that this is NOT an easy task to master. It took me over 10 years of losing before I began to control my emotion and recouped all my loss and more. And guess what, the first step in the regaining of my emotional control was when I found stability at home. Once my personal life was in order, I began to learn Tai Chi. Please read my first post #24451 here on this thread for further detail if you're interested. From then on, I began to have more win than lose. What happen today alone is not necessary an indication of anyone's trading prowess. However, it did show that you were either disciplined in your emotions or you let greed took over you and you lucked out. However, the result of your trading records after a period of time (several months) over a choppy market is a better indication of your trading prowess and is worthy of some serious contemplation if you're not doing well. Serious contemplation, IMHO, should be more on our emotional side of the trading than on our actual trading strategy. Do I have the right emotion context to trading/investing? Am I ready at this stage of my life to be involved in trading? Is my temper too volatile for trading? These are just some of the examples of serious contemplation. IMHO, trading strategy is best kept to the KISS theory (Keep it Simple, S.....). Although the KISS theory is a cliche that everyone knows about; it is worthless when you don't put the spirit, energy, and sweat behind this theory. It is from years of persistence, experience from bad trades, awareness of our disciplined deficiency, and the resolve to improve ourselves in those deficiencies that build the foundation for the KISS theory. Cut loss quickly and let profit ride, a cliche that actually work well if it is ride on a solid foundation based on years of sweat, tears, experience, and a willingness to learn from those experience. In short, to be successful in trading, Discipline rules! And it is going to take more than one trading day to get that discipline pad down. Sorry for the rambling but Randi's post just activate my right brain... Good luck to all!