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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (6980)11/20/2002 11:29:36 AM
From: robert b furman  Read Replies (2) | Respond to of 95597
 
Hi Kirk,

Lord knows I've done it all wrong over my 32 years of buying stock.

My personal rule of thumb is never get more than 1/3 of your market value in margin.Then on top of that always have 50% reserve cash - so you can cut the margin down.

During this last trough - I used my cash reserves voluntarily to ease my stress.

The next caveat is never let your cash reserve needs exceed one years capability of savings.

If I ever get into margin bigger than that - it will be with the most rigid of mental stop losses.

Normally I'm not good at that - but in aggressive fits - I tighten up pretty good.

That also is when I lose most of my money.The old nervous whiplash disease.gg

Bob



To: Kirk © who wrote (6980)11/20/2002 12:00:04 PM
From: michael97123  Respond to of 95597
 
Wall Street in many ways is akin to Vegas. But its vegas where card counters like some(select few) of the experts here get to legally beat the house advantage.
Margin on the other hand turn it into a casino even for those experts because you can be right but if your timing is only slightly off, you wind up broke. I agree with you on this one Kirk. mike
PS With margin the house almost always wins