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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (66035)	1/5/2001 3:57:05 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

QQQ <----- I will be re-establishing a long position using 25% of my risk capital (trading portfolio). Regards, LG

To: HairBall who wrote (66035)	1/6/2001 12:36:43 AM
From: JRI	Respond to of 99985

OT LG- I wouldn't say you're (totally) off base, and I do appreciate the thoughts... I am definently one cowboy that hasn't had enough fun lately <G> Just got back from a party; Feel much better.. Been too wound up on my day-to-day trades....Tuesday p'ed me off, because I missed it (running errands, basically- first time in months I left during the day)...and I felt the pressure a bit today to make up for it by end of this week (either side, long/short..its all good, as they say)... Well, my timing, entry everything....all wrong... You are right; That is the time to step away...shouldn't trade with some "axe to grind" or issue......i probably should have..... Because of (what is a great thing) impeding birth of daughter, I'll be missing the action for a while, later this month...so while is great in one respect (most important thing, of course)...I was hoping to get ahead early in the month here....to no avail... So, thanks for your thoughts...In retrospect, I was grasping a bit today, and felt time pressure (that I shouldn't have); I think you would agree that the market has been nutz this week, and not easy to figure out.....perhaps, that is the time to step back....BTW- I did a reassess at the close, and decided to hold onto my losing positions.....I am thinking this "wall of worry" could actually be healthier than if we would have gone straight... We'll see what Monday brings...good luck to you...