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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (21615)	12/2/2000 8:21:33 PM
From: Voltaire	Respond to of 65232

. The poorest way to face life is to face it with a sneer. There are many men who feel a kind of twisted pride in cynicism; there are many who confine themselves to criticism of the way others do what they themselves dare not even attempt. Teddy R.

To: Sully- who wrote (21615)	12/2/2000 8:30:12 PM
From: Jill	Read Replies (1) \| Respond to of 65232

Yes...and anyway, what I've gotten/gleaned from knowing Tom and his friendship has nothing to do with money, and everything to do with loyalty, kindness, and intelligence. The priceless stuff in life. In addition, the average investor (and that's most of us--there is only a small percentage of professional quality traders on SI--probably Jenna of Market Gems is one, certainly Teresa Lo is another, and featured in a few upcoming books--clearly RR knows what he's doing etc) became overly euphoric and careless in the parabolic NAZ runup, and bought too many dips in the ensuing rapid slide down. Its a general market phenomenon, not a porch phenomenon, and this year many will be facing losses that wiped out most of the previous year's gains. That's just being talked about and written about all over the financial media. The question is: what do we learn from it? I'll probably (if I get my act together) go to the Option Investor seminar in Philly this week, I'm supposed to anyway...then finish up Teresa's class next week. Try to add in some more professional skills. The main thing I've learned though is take profits when you have them and move up stop losses in a rising trend--i.e. to protect yourself when the bull finally breaks down into a bear.