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Strategies & Market Trends : Your Worst Trading Enemy.. You -- Ignore unavailable to you. Want to Upgrade?


To: Steve Felix who wrote (141)1/21/2001 10:34:18 PM
From: RobQ  Respond to of 223
 
Steve, I'm like you, working long term on the portfolio tho I can't occasionally resist the temptation to profit from intraday fluctuations when I have a lot of time to mind the monitor. I'm hampered in that respect by 1. a day job and 2. the lack of any sophisticated (what you would call "level 2") software. Day trading is fun but it's gambling and I dont want to put much resources into it. I have had some of the best "highs" with market successes, but the lows can and have been equally intense. I'd like to one day leave half of my account to a professional and the other half for me to trade with....but having problems with trust, I'm not sure I'll ever relinquish control ;>)

I find investor Psychology to be very frustrating because the reactions of the market to the "news" is so overdone! I've tried to capitalize on that by picking up value bargains after reactions to "bad news", but I've also found that the public has too long a memory and the value plays are often dead money for 6 or 9 months. Rob