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

To: Sam Citron who wrote (62792)	4/9/2002 1:20:21 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

re: Strategy and Trade Duration That's a good question, and I don't think I have a good answer. I have not had a lot of success with shorts/puts. I've have had a lot of success, for years, in a strategy of buying the dips, then selling the rallies (partially, or, in this case, completely). I'd like to teach myself new tricks, but it's easier to just keep doing what's worked in the past. When I am BuyingTheDip, I have the courage and discipline to continue holding, and add in increments, as the stock keeps going down, and continue holding till I can sell my higher-cost lots (at breakeven, at least). However, doing it in the other direction, I don't seem to be able to muster the necessary courage and discipline. Not sure why, intellectually it's just a mirror-image situation. Anyway, today and yesterday, I was just dabbling, trying to do what I've watched AD do, using his methods. Doing OK, so far. One thing I realise, is: this is not a lifestyle I aspire to, with my eyes glued to the screen, CNBC murmuring in the background, and my sweaty palms poised over the keyboard. Fun to try new things, though. So, rather than shorting AMAT from 50 to 40, I will sell my long position in the 50s, and then wait to go long again, in increments, from 45 or 40 and on down. And sell again, when AMAT is in double-digit P/S territory.