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Strategies & Market Trends : ZenWarrior's Trading Paradise -- Ignore unavailable to you. Want to Upgrade?

To: vagabond52 who wrote (271)	4/3/2001 12:41:06 AM
From: ZenWarrior	Read Replies (1) \| Respond to of 2462

Couldn't agree w/ you more Ed. I still like my KLAC Calls though. ;-) - Zen

To: vagabond52 who wrote (271)	4/3/2001 1:34:59 AM
From: FLACK	Read Replies (1) \| Respond to of 2462

vagabond52 re: all about FLACK Hi, vagabond. Thanks so much for your kind words. As heehee (from Drbob's board) has said, this market has been a FLACK ATTACK :-) I've had a great year and I hope that I've been successful in passing on some information about playing the Dark Side (selling short). You know me pretty well and you know that it's not my intent to counter anything that Zen recommends. He seems to be willing to take on more risk than me and when his style works, it can generate huge rewards. I'm more the grind-it-out-and-make-money-every-day kind of trader who plays only high probability opportunities. I like the odds tilted in my favor rather than against me. "I'm a positive person, just like Zen(I love Zen's style).." Believe it or not, I think of myself as a positive sort of person too. Really! I've never understood why people think selling short is a "negative" thing. For me, it's just "the other way" to play the market... like turning left instead of always turning right. Sometimes you have to make a left-hand turn to get where you're going. Treaders say The Trend is Your Friend. But saying it, and being able to act on that principle, are obviously two different things. So, why is it that most people can not follow the trend when it's headed down? The trend is either your friend all the time or that expression is hogwash. I happen to believe that it's too risky to fight the trend (momentum). Or, maybe I just don't have the "guts" that it takes to be the first on my block to attempt catch the bottom. I prefer to let the risk takers get the ball rolling... and for the past year there have been a lot of them calling the bottom and buying on the dips... and a lot of them are now gone, probably back to their old day jobs. I think there are two ways to get rich playing the market, you can trade by your heart or trade by the chart. I've seen people with lots of heart trying to out smart this downward slide and they have gotten their hearts handed to them. In short, we can try to take it away from the market or we can take what the market gives us. Hope you're doing well these days. Your Dark friend, FLACK