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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: excardog who wrote (82932)12/28/2000 3:14:21 PM
From: hdrjr  Read Replies (2) | Respond to of 95453
 
excardog,

In Jan. '99 I began investing in driller, services and E&P's. I made about 50 trades(in and out) in '99 and made 72%. I came to the same decision that you just mentioned; over trading and selling to soon. In 2000, I have made 22 trades and thus far I am up 162%, much of which will come off the table in the next eight weeks for a breather.

While I have nothing against Slider's method, if it works for him fine, but I do not have the time nor the inclination to spend 24/7 wondering when to pull the trigger.

Best of luck to you

hdr



To: excardog who wrote (82932)12/28/2000 3:56:27 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
OT/Excardog. Vacations are good. Easy to get too caught up in this game.

So IMHO, it's definitely important to get away from it and enjoy some of the $$ we make. Took Mrs Patch and my 2 teenage boys to Cancun during spring break this year. Boy, was that something!

Overtrading and selling too soon are things we all wrestle with. I still make those mistakes though not nearly as much as when I was a broker in the 70s and early 80s. Most of my ST work is done either when the market only provides ST opportunities or when am unsure about the market trend.

Where are you going for your R&R?

Iso