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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: iowamann, Spam Queen who wrote (5667)	9/21/2000 12:10:03 AM
From: kleht	Respond to of 100058

iowamann - Very good!!! I think you are very smart to be diversified overall and to keep your trading funds as a small portion of the total. Work does interfere with day trading. Good thing, too, I don't think day trading is good for most people - too much stress and unless you are really good you are going to bomb out a lot. My suggestion would be to follow a few promising stocks - this Board covers a lot of possibilities. And, at least for the short term, prepare for the possible yearend rally. Be flexible, of course, go for at least a few days. But I would suggest that you also be prepared to go for a few weeks at times and months even when conditions (TA etc.) indicate clear skies ahead. This allows time to monitor your trades at the more leisurely pace your work allows. Also, as Dr Bob says, it's much easier to predict (and follow - my emphasis) an intermediate term trend than a short term one. And be sure to do your stock research well (includes TA, sentiment etc. as well as fundamental). The more comfortable you are with your trades the more you can relax and not feel you have to monitor every few minutes - which, of course, you can't do anyhow. Well, gotta sign off. Good luck!!