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To: TechTrader42 who wrote (1372)	5/12/2001 8:54:30 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 1471

I'm certainly missing something....5 years chart don't mean crap! daytrading and 5 yr charts do not belong in the same sentence? This market has no idea about the coming 6 mos even though the FED has been lowering interest rates aggressively.....I have found advice on SI over the last year to be worthless..... I have no point here.....understanding the present isn't easy.....seeing the future is even harder.....faith seems to come in somewhere when talking about investing.....daytrading is simply going with the trend!....my concept is "take no losses" ( write off the expenses)it doesn't get any simpler than that...regardless of market sentiment! Over time taking minimal losses wins......the downside is minimal tax credits....large losses your out! A no brainner?...make money pay the taxes!...that's survival at it's best! Over time a smart mind is way ahead! You winners if you tray will out number losses......if your wrong from the beginning it's always easy to pull the plug and see you mistake....winning costs you nothing...thus the focus on mistakes.... A fool is doing something else......