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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (86)	12/20/2001 4:54:18 PM
From: Dave Gore	Respond to of 16631

RULE #3: TRADE ON WHAT IS, NOT WHAT MIGHT BE Too many people think the market will go up tomorrow or down tomorrow, or this or that stock should do this. Well, I took a poll of many prognosticators last evening on SI, Real Money, Zacks, Briefing, etc. (as I usually do) and most thought the techs were going to rally today into the close tomorrow. This happens all the time. Nobody really KNOWS much of anything short term. People get too negative on "down" days and too "up" on "up" days and think the trend will continue, when often it doesn't carryover. So, I say, trade on what actually is happening and do your research ahead of time. Fight the notion to guess based on logic, because most of us know the market is illogical. Even T/A is more suspect than it used to be, so wait for the opening, have your strongest stocks ready in each sector and get ready based on the first 30 minutes or so of trading. If you buy a stock right, you can afford to hold it longer with minimal risk or have a better chance to trade it quickly for a profit. I usually take a profit if I get a few quick points (and the market, sector, and/or stock looks a little extended) and then wait for the right moment to go in again. That's my 2 cents....hey, what am I talking about...it's FREE! LOL!