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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (80565)	7/19/2001 10:01:42 PM
From: LTK007	Respond to of 99985

<You can now count me in as one who is not optimistic on the market> i am closing my eyes to see if this isn't a visual glitch. eyes close-------------------------------------- eyes open. by gawd it is true, it still says <You can now count me in as one who is not optimistic on the market> well,well:) Max

To: t2 who wrote (80565)	7/19/2001 10:33:39 PM
From: mishedlo	Respond to of 99985

In response to a PM from NV but I hope there are some lessons here. ==================================================== NV, First you give me too much credit. It has taken me a year to find my ASS. That said I have been trading for only 2 years. I have made ALL the mistakes, including blowing a fortune by being over leveraged and I have paniced at tops (short) as well as bottoms (long). Take this AM for instance. I was short BRCM. NOT PLEASANT. Because position was small I decided to ride it out with max pain at 40. Not only that I bought several thousand $ in BRCM AUG puts. Probably have a double and now I am +2 on the short as well as a double on the puts. I shorted PMCS at the open this AM. Piss poor I might suggest as I should have waited for things to settle. Of course I never would have gotten a good fill on GENZ. I was 2 points or better under water on PMCS. But... Max pain was 30, earnings being sold. I toughed it out. Had I been over leveraged I might have puked. Exactly what they want us ALL to do... LONG OR SHORT. I will not do your post but I hope I can take the liberty of responding in public. The key to survival in this market is to not over leverage, and to take reasonable profits when offered. M