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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (18316)	9/4/2002 8:26:46 PM
From: waverider	Respond to of 36161

retired, I will agree with you that it does get a bit annoying to only hear about the stellar trades folks do. It never fails to amaze me how few failures there are. The only guy who has really earned his stripes was Zeev. He always posted real time and discussed both his wins and losses. It really helped put things into perspective. People do not like to cough up failures, myself included. This game is basically a battle of ego and emotions on the personal as well as public level. The problem is when people pound the table about a buy they often forget to be around when it is time to sell. That is why it is critical to set your own stop loss points ONCE you have followed through on someone's stock tips. For example, Frank has discussed Cumberland and Western Copper for quite some time. I looked into both and bought them. Made money on WTC, but lost on CBD...with my own stops, not Frank's. That is why these idiots who get on the tube or radio and give stock recs are worthless. Assuming the stock does go up, those guys are not around to tell you when to sell. They don't know your emotional limits and consequently are more snake oil salesmen than anything else. Good Luck, wr