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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (65411)	6/23/2005 10:23:19 PM
From: Slagle	Read Replies (1) \| Respond to of 74559

Shades Re: "thousands of individual stock trades" But Shades, if I quit doing this I would have to go get a real job. <g> Back when I was a kid, if there was a do-nothing uncle in the family people would say the do-nothing was a "cotton buyer". Well, this day trader gig is the same as "cotton buyer". I guess what I do is run my own little private mutual fund. Presently I have about 90 individual positions, many of them I have held since 2000 or 2001. I have gains in all but about a dozen of them and most of the ones I am down in are fairly recent addittions. If I sold all the loosers I would still be way up for the year 2005 because of the gains I have already logged. You have to be careful about tax efficiency. Every single one except for a couple of recent buys pay dividends. These divvys buy the groceries around here. I'm as diversified as any mutual fund. Presently I'm about 30% cash (higher than usual) and ready to go higher should the need arise. I think the over two year long bull phase is about over. Maybe there will be a sort of "blow off" like in 1999-2000. I surely hope so because I made out like a bandit with that one. And its about time for a recession and that nearly always wrecks the stock market. Some of my positions are fairly recession and bear market resistant. Some are not. I really don't like to sell things in which I have a big gain because of taxes, but I may have to. I sold my tanker stocks the other day and it nearly killed me. <g> Slagle