Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (11199)	3/5/2001 6:59:48 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 13572

Mish, Sounds like you were successful against my advice. My hat's off to you, and I can only wish you continued success. I'm not entirely sure what your point is. If your point is that my advice is not good, all I can say is don't ask for it. I do the best I can, and what you get are no guarantees other than that you will get a full effort from me. For free. You get one more guarantee: I will be wrong and make mistakes. Our approach differs, clearly. Having been burned badly---and remembering the pain---I feel it better to be safe and trade higher probabilities and take earlier rather than later profits---and quickly cut losses---than to swing for the fences, winner take all, go for the gold. To me, it is all about consistency---RBIs win baseball games; tenacious defense and chewing up clock time wins football games. << WS part of it has to be just stepping up to bat and taking a swing when the trend is in your favor. >> You only get three strikes. Taking swings is fine if the pitches are somewhere in the vicinity of the strike zone. You can only determine that by waiting for it to get as close to the plate as possible, watching carefully all the way. If you close your eyes just as the pitch leaves the pitcher's hand, then swing as hard as you can, you'll hit some out of the park, but over time, you'll also end up striking out a lot. Interestingly, Reggie Jackson, Mr. October himself, still holds the season and career strikeout records, to the best of my knowledge. I'd rather swing when I think the probability is high that I'll connect. I'd rather be Ted Williams than Reggie Jackson. Regards, Walkingshadow