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

To: Voltaire who wrote (27519)	12/28/2000 3:35:07 PM
From: Voltaire	Read Replies (1) \| Respond to of 65232

NEW PORCH FUND TOTAL; $192,900. Presently all cash. Volts

To: Voltaire who wrote (27519)	12/28/2000 4:22:42 PM
From: im a survivor	Read Replies (2) \| Respond to of 65232

<<And now 100% cash. I might have gotten out a little early but I'm tired.>> Humor me....after you take this to a mil, which we know you will do....take a little break and then lets see you do the same % gain with $5k....turn $5k into $50k........think your tired now??? I have friends that try to daytrade with $5k or so and i kind of laugh. I shouldn't laugh, as $5k is alot of money to me right now, whereas a year ago, making or losing $10k in a day didnt even make me blink an eye......anyway, with big bucks it is just too easy to trade the volatility and scalp a half ppoint to a point here and there....thats all you need to do daily, then kick back an relax. Even in a down market, with big bucks you should still be able to scalp that half point gain, take your profit and run...naz finishes down 125 for the day, but you manage 2 or 3 trades of 5000 share lots and scalp a 1/4 point here, half point there, and your kicking ass in a declining market. If you really want to test your "mettle"...make believe you have lost everything......you have $5k and need to turn it into $50k as quickly as possible, but you couldn't be real risky, after all, it's the only money you have. That would be interesting to watch you do....no scalping of half points will get it done....in a down market, you would be in a heap of trouble....in an up market, you would need to pick the right stocks that will give bigger % gainers, rather then point gainers....... anyway...no biggie....when your done with this, I'd love to see you try, but also understand if you dont wish to...after all, why mess with this if you could be on the links.....but, if you feel up to it....I'd love to watch how you handle a much smaller dollar amount to daytrade.......I've told my buddies, with that much, just buy something good and hold it for awhile....but they insist on trading daily and make or lose their $100 and are happy.....I recommended options with such a limited amount to play with, but again, this is all the money these folks have, so they feel options are too much of a gamble...They look at me buying things like the jdsu march 110's and think I'm nuts....I probably am, but after getting them for 1/4, I could have sold for about a double within a day or two...I didn't, because I am hoping JDSU runs at least a little in january and allows me to get a $1 or more for the calls...maybe wishful thinking, maybe not. Probably should have taken my little profit and ran, but sheez...jdsu in lower $40's???....I would hope she runs some and allows me to at least get a little more on those calls..........anyway, good day today.....in and out in and out...looks like you made some nice bucks....... keep kicking butt...and kick jdsu in the butt too <ggg> keith