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Strategies & Market Trends : Daytrading Psychology -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (43)	12/2/2000 8:01:26 AM
From: inchingup	Read Replies (1) \| Respond to of 104

Hi Ken: I agree with your sentiment regarding smaller trades and smaller profits. With the market being so unpredictable in recent weeks one has to adapt by limiting losses and settling for smaller gains. Adapting to the market conditions still allows one to see steady increases in portfolio value (this is no time to be going for the home run) while limiting downside risk significantly. Investor's should have by now noted that the most significant moves recently have been to the downside (Naz stocks) with little or no explosive upside movement. Take those small gains on the stocks you know and love. Forget about the fantasy of trading WCOM or BRCM for major gains as that is an unlikely scenario in this type of market and don't put all your faith in one stock. Finally, for those who are playing in today's market with dollars that are truly needed for living expenses rather than speculation, you will surely lose. The best thing to do now if investing on a budget is sit back, hold onto your cash and wait for the market to make a substantial move in the proper direction. You may miss a point or two in gains which is of little concern if your time tested favorites rebound in the future. Don't be greedy. Adapt. Take what the market gives you and be happy you didn't own VNTR at 240. --GARY--