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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Catcher who wrote (7619)	12/16/2000 8:09:50 PM
From: mishedlo	Read Replies (3) \| Respond to of 13572

Catcher. A public announcement. Starting with 400,000 I was up over $1M this year, my first year of investing, and lost 90% of it back. This is absurd. Panic at the bottom twice. Over-leveraged in CALLs too often. Too scared to do what was right at the bottom. Too greedy to sell at the tops. Getting suckered back in toward the top, after panicking at the bottom. Not taking profits off the table. Not paying off my new house. Lessons of a lifetime. Fortunately I am still up this year. But how stupid can you get? Those trading tips are as much for ME as anyone else. I am now almost afraid to trust my instincts. Lately, my instincts have been damn good. That said, I have closed out shorts far far too soon. This is fear, but at least I am taking profits. Pofit is profit. Perhaps I am too hard on myself during my very first year of investing. I am confident that I can get my $1M back if I am right on the long term trend, which I say is still down, and I DO NOT TRY AND GET IT ALL BACK AT ONCE. Add that last bold type to my tips. I also need to overcome my fear of "losing it all" without swinging too far to the greed side. I am am wrong about where the market is headed, my advice will prevent me from losing much, but I may not make much either. If I am right, I hope to gain immensely playing the "dark side". I believe money can be made in either direction with my tips. I also believe it will be far easier if one plays in the direction of the trend. Now - to ANYONE - Why am I wrong about where we are going? Thanks. M