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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (124535)5/3/2001 10:36:13 PM
From: craig crawford  Read Replies (1) | Respond to of 164684
 
>> So where have you been? <<

Well, one piece of advice that I've come to find quite useful is this.

"An investor is better off doing nothing until he sees money over in the corner just waiting to be picked up. Most investors make the mistake of believing they always have to be doing
something, investing their idle cash. In fact, the worst thing that happens to many is to make big money on an investment. They are so flushed, excited, and triumphant that they say to
themselves, "Okay let me find another one!" -- Jim Rogers


Occasionally after a good run I start getting too pumped up and I start to feel invincible-- then I make mistakes. So far the best way to discipline myself is to walk away for a while and then come back to trading after a period of reflection. Unfortunately my trading has been tightly focused on technology stocks. That's all I've ever known and found exciting. Well I think tech stocks aren't going to be fun for quite a long time. Sometimes it's just better to sit it out and wait for your moment to pounce. I've been trying to shift my research away from tech stocks. I'm really interested in learning about commodities trading, since I think paper assets are not going to be so sought after in the coming years. (Witness energy for an example. I think that's just the tip of the iceberg)

P.S. I mentioned I was leaving!
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