Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (2019)	10/22/2003 12:00:57 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Yogi you made me go back and check the 16 months from Feb 2001 to May 2002...and your right..it's a lot easier to catch dips in an up market..my batting average in the Bear Market was only 61% winners on the qqq longs and had some big losers , still I did come out 2.4K to the good on the longs. With the shorts I didn't play as hard and had 70% winners but only made 1.9K.. For a total of 4.3K to the good on the QQQ.. The rub is the amount of time I put in trying to beat the market it just don't seem worth the trouble. Another rub is I had not cured myself of picking stocks and lost almost twice as much as I made on the QQQ trying to pick stocks. Again the saving grace was having the guts to buy stocks last Oct..( which I have sold off all but two ) ---- Damm that was a lot of trading ( for me ) being I had the boat job too.., and I'm really asking myself if it was worth the extra work. ---- On the other hand If I had done a buy and hold I would have been busted out of stocks by May 2002.. ---- Had I put the whole batch in bonds I would not have made as much , but I would not have had the worry and the bonds would have made 2/3rds to 3/4ths of what I did trading my ass off.. and I would not have had the loss on the stocks I picked, so with that I would have come out ahead 100% in bonds. --- Well it was a lot of fun..but I'm getting a little old to be having all that much fun.. Looks Like I'll be going bonds , and IF I live long enough to see another real big dip and another extremely high VIX , then I'll jump back into some stocks.. --- Somehow I really thought I was doing better my tax man said I did real good compared to most of his clients, shit they must have done real bad. I look at SI and seem to see so many people who sound like they are getting rich. But I'm doubting most of it now, damm I feel I can trade about as good as the next person , perhaps better than average, and I'm not doing shit for the amount of trading and work involved.. ---- Even my RSI thingy makes me keep 50K in cash when I'm not long so I can get long./ or short.and that 50K could be pulling in almost 5% right now.. It would have been making over 7% had I put it to bonds in 2001.. ---- Maybe this market goes to the sky, but I see to much wrong to believe it.. In the 32 months I just looked at I short term traded over a Million Dollars..and made just a tad over 10K..I lost that much on stock picks during the first half of that..so again it was only the big dip and high vix that set me up to come out ahead. Where were all the Bulls back then ?? ----- Jim .