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

To: yard_man who wrote (27593)	2/5/2003 10:30:33 PM
From: jtech	Read Replies (2) \| Respond to of 36161

He buys and goes on vacation.Hell I bought and made more trading than he did. He is junk.

To: yard_man who wrote (27593)	2/7/2003 10:18:15 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 36161

tippet re: ["bow down and show some respect "] ...or at least bring Dorothy, Toto & the Tin Man the next time you come to see the Wizzard (vbg). Tippet - we're discussing different trading styles, mindsets and concepts towards cyclicals. Much of this is tongue in cheek; as these little emotional upheavals always occur at key market inflection points...nothing new there; hell that's how SI SDII was born...and occassionally we do discuss Politics, God & Religion - always highly emotional issues; because they impact not just our daily lives; but often drive the market as well. Here's a good capsulation on how many of us, are different than many of you: Our Rules: 1. Always be early to the Party; but never, never, EVER - be caught hanging around at "Last Call". 2. Pigs get Fat, but Hogs ALWAYS get Slaughtered. 3. These are Cyclical stocks - not Growth stocks. 4. Buy & Hold Growth Stocks - Trade Cyclicals. 5. Cyclicals by nature, if not definition - are highly volatile. 6. You must always trade ahead of the market in Cyclicals. 7. You must always trade in "ANTICIPATION of" and not merely in "REACTION to" moves in the underlying commodity, as well as sector sentiment and fundamentals. 8. TRADE THE TRADERS ! - More Money will be made and RETAINED (single most important concept) by "trading the traders" ie: SENTIMENT, than by trading on the fundamentals, or the technicals of the underlying commodity, or the sector's stocks. 9. FEAR is a good 4-letter word...it will focus you on RETAINING Profits and not dreaming of once in a lifetime speculative-mania potential returns. GREED is a bad 4-letter word and will lead more people to give back more money than any other emotion...and late cycle; emotion has no place at the terminal...none; if you're reacting emotionally in defending your positions, or acting emotional in your trading...you've already lost...you just don't know it yet... 10. Let the others have final 10-20%...but, be there & lever the High Reward - Low Risk, early cycle upside....THAT is where the "BIG & EASY MONEY" is always made...early....the game is to walk away with as much of the REWARDs as possible for us, while leaving as much of the RISK, as possible - for them. Late Cycle (anytime you've had sector double/triples and at least one significant correction (30-40%) and whenever Sentiment Rises to levels that traders begin focusing on & talking about speculative/maniaesque types of returns, new paradigms, this time it's different etc - Risk rises exponentially as Rewards diminish ....RISK to REWARD is the Successfull Cyclical Traders primary Metric...and in every Cycle there is a key inflection point when the two intersect...identifying that key inflection point - is what the entire game is about. ...and our unofficial 11th commandment: - Chihuahua's, like a good Martini, are always better "shaken", not "stirred"... I remain; your's truly - the Great & Powerful; Oz`