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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (45725)	4/21/2001 11:14:20 PM
From: kdavy	Read Replies (4) \| Respond to of 70976

Cary, Jacob, Gottfried, Mike, Tito, Katherine and other members of the board from whom I have learned a great deal: I have been lurking on this board for over 5 years. Never felt that I have any thing useful to add to the discussion. But I have benefitted a great deal from this board. I have not invested for the long term at all but traded a great deal. I trade mxim, lltc, altr, xlnx, amat, intc and amgn. Some time I will venture in Orcl, atml, sunw. I started in 1992 and learned about trading options in 1994. Started with about $10,000 and by 1996 (downturn) had lost all my money was in credit card debt of about $40,000. Worst time of my life. Started reading Amat SI board. Quit trading options. Started trading stocks at a frantic pace. Made the following rules. 1. If my stocks lose more than 5% then take a loss and sell immediately ( sometimes within hours). 2. If I make a 10 percent profit in a day sell right away and run with the profit. 3. If not 10% in one day than as soon as I get 20 percent profit sell and get out. I have missed many rallies and missed many down turns. The number of loss trades and win trades are basically even. But in 1996 I paid off my credit card and made some profit. Ever since I have on the average a 200% return every year. I pay a lots of taxes and love to pay more (get it, more taxes I pay more money I am making). Last year was my best year. Paid off my mortgage, sending children to private schools and have a decent bank balance. Bottom line of this message: a. I am always scared to put my money in the market. b. Only invest in companies with great track record.(mxim, lltc, altr, amat, xlnx, amgn, intc) c. With my style it doesn't matter what will happen next month. d. Doesn't matter whether we are in a downturn or upturn. e. Don't listen to the analysts. f. I follow Point and Figure method (introduced to me by Gottfried, he doesn't know it)and look at charts. finally, g. When Mxim, LLTC, Amat go down 10% I use about 20 percent of my cash, when stocks down 20% I use 50 percent of my cash and when stocks down 30% I use all my money (sometimes with margin----with this I follow my 5% loss/10% 1 day win or 20 percent short term(may be 2 to three weeks) rule. I see this as a battle between the market and me. They want my money and I want their money. Last year, I had over 1500 trades, tripled my money. My worst month was November and best December. So, to all the people on this thread from whom I have learned a great deal, you are my investment friends, and I thank you very much for helping me with your insight and wonderful analysis. Now I have this of my chest, I feel better. Kdavy

To: Cary Salsberg who wrote (45725)	4/28/2001 1:19:25 AM
From: John Trader	Respond to of 70976

Cary, I have not logged on in a while, just got your message. I think you make a good point, not everyone gets the same benefit out of the internet, due to different personalities, interests, or whatever. When I was in college, the librarian often had to throw me out at closing time, as I would get so absorbed in what I was reading that I would loose track of time. I guess I am the type that thinks the internet is just the coolest thing, even better than libraries, but I had better be careful I don't apply that same enthusiasm to stocks, as it may cause me to overpay. John