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To: elpolvo who wrote (26117)	7/20/2000 6:08:55 PM
From: Clappy	Read Replies (1) \| Respond to of 35685

Polvie, Funny you asked... i'd like to hear from someone who has a cure or strategy for overcoming the emotionally driven buys and sells... something that puts them in the buy low, sell high cycle instead of the other way around. The same thing has crossed my mind a lot lately. TA is my answer. LTB&H is another. (Not quite for me though...) (Have incredible faith and don't watch the daily/weekly movements...) Here is a snip from a PM I sent JW this morning: <snip> I'm currently studying a few TA books. I want to take the emotion out of my trading. I'm tired of buying things because of a juicy story or some wave of hype. Pure mechanical trading will take away my biggest enemy. That's the voice in my head that begs me to buy something. Macro economic news is what should help steer me. Not any stock hype I read on a message board. The best story stocks have bad entry points and bad sell points. I'm tired of putting my faith into analysts, and people who know how to write well. Gilder can write incredible things about a company's promise. It doesn't mean he can pick the time to buy it... This is just my opinion and I don't have anything against those with a LTB&H strategy. Actually my hat is off to them. I can't do it. CREE is my LTB&H. The only reason I've been able to hold them is because I trade others and try not to watch it too closely. The longest I've been able to hold CREE without trading it has been two months. However, I've come to realize that with their revenue growth rate, I'm crazy to tough it. Their revenues are growing at a pace of over 11% a month. Several of the companies they supply have been showing record growth as well. I don't know of many other companies who are growing as fast as CREE. Other than CREE, I will trade when the charts tell me to. I'm also beginning to look at other companies besides the pure tech stocks. I'll be looking for cyclicals as well. I have a lot of studying to do. At least now I have a plan... a somewhat mechanical plan at that... </snip> This is as close to a solution that I can find. I love promising stories. I can't get enough of them. Perhaps now I can use these stories to figure out a coming trend and trade in and out of it with the market cycles... Anyhow, that's my plan. ...I'll probably have another plan by next week... -Clappy

To: elpolvo who wrote (26117)	7/20/2000 6:10:27 PM
From: Dalin	Respond to of 35685

Hi Polvie! i'd like to hear from someone who has a cure or strategy for overcoming the emotionally driven buys and sells... something that puts them in the buy low, sell high cycle instead of the other way around. Like NIKE says......"JUST DO IT"!! <gg> I buy when everyone is cryin the blues, but always save some for more blues...<g> Then, when everybody is patting themselves on the back, I start to sell....always leaving some in for my LTB&Hs. Has worked great so far. It was hard to do at first, but after a few successes, it became easy. My portfolio is at all time highs. Also, I watch the general market sentiment, and history. Like the summer normally being slow, and with the incredible highs of Feb and March, it was obvious time to lighten up on my holdings. IT doesn't take a boatload of money to do either. I started out with 6k of my Father-in-laws money in March, and am up 10% on it now too.....he's happy...better then the 5% he was getting. Just some thoughts....nothin new or Fancy. :0) D.