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Pastimes : Long term buy and hold suffering -- Ignore unavailable to you. Want to Upgrade?

To: Hawk who wrote (47)	9/10/2002 9:11:35 PM
From: Steve Felix	Read Replies (1) \| Respond to of 63

Just checking in to let everyone know that I sold just above the top. <gg> Never been into long term buy and hold, but a short story anyway. My only brother lives two hours away. We were both into charts, so early in 99, we decided to set up "the competition". I matched an account he had set up with $22k. I made it to 64k, he 62k. I got the deer in the headlights syndrome, but finally just closed my eyes and sold. When the dust cleared I had 34k. He just knew it was going to come back. Currently he has about 7k. He doesn't even look at the market anymore. Where we used to email almost daily and talk on the phone at least once a week, now we are lucky to talk on the phone once a month. I don't think I am any smarter than he is, I just have less tolerance for pain. To make it worse, his was in an IRA account. No tax deduction.