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

To: Bill on the Hill who wrote (29674)	7/14/2000 7:29:26 AM
From: carepedeum2000	Respond to of 57584

bill- pnlk was also one of my most valuable experiences in the market, #1 from the education, #2 i made more money off of it than any other stock i ever owned, although the most i ever sold it for was $6, and i watched a much bigger profit vanish before my eyes, but when it was all said and done, it will always have a special spot in my heart, and who can ever forget the "stock genie", and whatever happened to MR PATIENCE, a true bulletin board classic ps i wouldnt touch pnlk with a 10 foot pole today

To: Bill on the Hill who wrote (29674)	7/14/2000 9:01:14 AM
From: Jane4IceCream	Respond to of 57584

Thx Bill....youre so gracious. IFMX....active in premarket. They fired their CEO. This is another stock that has been beaten down in price now trading over $5 pre market. Very active this morn. Jane

To: Bill on the Hill who wrote (29674)	7/16/2000 2:00:08 PM
From: The Flying Crane	Respond to of 57584

Hi Bill, >>"Many more lessons since those days but like a first love the memory of those days has a fresh quality* about it."<< You have just made a very insightful point! It is by remembering those early lessons and put them close to us in our current thought process that we will be able to avoid falling into the traps again. There is nothing like reminding ourselves of our last major blunders or "near blunders" and the wish to avoid the same fate that put a damper on our greed. No matter how well I'm doing in the market, I always try to maintain my past major blunders in "fresh quality" mode as my wake up call. Whenever I get the temptation to load up more than I should, I remind myself, "Hey, remember ABCD? You sure you want to do that again?"* And when I get the temptation to hold longer than I should, I remind myself, "Hey, remember EFGH? You sure about that?" And when I get the temptation to hold on to my loss, I remind myself, "Hey, remember IJKL? You got to be kidding, right?" Often times, I will immediately take action to avoid the same fate. By keeping those important lessons "FRESH" in our head, it does a lot of wonder! Past experiences are very valuable lessons and we all paid a "heavy tuition" fee for it. They should be kept at the forefront and not shuffled it under the carpet in our head. When you remind yourself often enough, your ability to control your greed and fear becomes more efficient and automatic. Once you reach this level of control, you can practically buy any stock mentioned on this thread and apply the "cut the loss and ride the profit (along with a trailing stop)" theory and, IMHO, make money consistently. That is why I love this thread, Rande Is and many of you have provided some great picks. Nevertheless, being human, we cannot take for granted that the "control" we cultivated (or soon to be cultivated) on our emotions will always be there to save us. That is why discipline is always a constant effort that must be maintained thru out our life. Think of it this way, "Greed and Fear" are two wild animals that always live within us. We may be able to confine them in an area with our discipline. However, these two wild animals are always looking for any weaknesses on our part to bust thru their confinement and weave havoc in our life. Therefore, it is wise to stay away from the market if you have a bad day (emotionally) no matter how experienced you are. In the world of trading, no one can avoid the 3 truism: 1)You win some 2)You lose some 3)You miss some Once you accept the 3 truism above, especially the 3rd one which I think is under-rated, trading becomes much easier. It is when we think that the 1st one above is the only acceptable way in trading that we bring ourselves all the unnecessary grief. Good trading to all. Btw: Bill, good to hear your thoughts again, especially your poetry!