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

To: RR who wrote (32481)	3/6/2001 1:45:15 PM
From: Jill	Read Replies (1) \| Respond to of 65232

Thoughts about the market while inputting #s into spreadsheets....for taxes.... My accountant told me I made 100% on my $ this year, and that I should be giving lessons, as the only clients of his that did that did so by shorting (I don't short and don't really think I'll learn. Unless you call selling puts and covered calls shorting). That was a shock as my paper profits went spiralling down. I was certain I had sustained big losses but they were paper losses. Moreover, in the heady hayday of making that $ 12-16 months ago, I had a good time spending some of it too. So I am certainly "broke" right now. However, as a relatively new investor (in recent years--before that I'd buy a stock or fund and look at it six months later) I really learned a lot this year. I don't know that we'll get another bubble soon--but then again you never know. We have to take into account that so many people do trade online and are actively investing or moving their $ around. It's quite possible with a few tax cuts we'll see a stampede to the upside--or not. One just never knows. But I suspect the market will continue to be very manic depressive in shorter cycles than previous years/decades But even if we don't get manic again any time soon, watching the market gyrations has taught me a better approach to the market. Also learning from experience, hard knocks, and from trying different approaches--options, daytrading/scalping stocks etc. There was a time I was more interested in the market than writing, but I now think it should be an avocation if a serious one. That I will continue earning my living from writing, which gives satisfaction anyway, then I will not be playing with either euphoric or scared $. I found the latter too tedious, I can't stand watching 5 minute bars. OTOH...I think buy-writing at the low end of the channel is a good tactic lately...and later...one could even resume trading calls if the market gets bullish again. Discipline is the key: I think swing or position trading suits me the best. I don't trust the market any longer for long term buy and hold over years. My main problem is still my emotions, and I think that's because I got too caught up in the market. I've learned from many on this thread, and also, from Teresa Lo (lurqer quoted her recently). Her technical analysis is very objective and helpful. She always waits for retests. Her patience is a good guide.

To: RR who wrote (32481)	3/6/2001 1:47:32 PM
From: im a survivor	Read Replies (2) \| Respond to of 65232

<<Anyone else notice the large number of March calls moving through yesterday and today on QQQ? >> Haven't looked, but what I have noticed is quite a few well known bears are playing QQQ on the long side right now......who know's...maybe sentiment has changed. I'd like to believe the worst is over, but then again, I wouldn't mind one more re-test of 2000 to allow me to grab a couple things.......also still concerned that many companies are still pretty up there in valuation. While many are now so beaten down they are screaming buys, there are still some that need to prove they are done going down by forming a bse or a strong reversal to the upside......... keith....windy as hell here in charlotte.....we are getting gale force gusts and consistent 40mph non stop wind....My lawn furniture is literaly flying around my yard....some has landed in the pool...my hot tub cover is in my neighbors yard and their 4 dogs are attacking it to death...hot tub is sunk into the deck..had to first clear the deck, then a very high fence to make it over there....that thing aint light either...wonder what the mph of the gust that did that was...scary...and dangerous having 50 - 75lb objects flying around.....