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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (71883)	9/25/2006 12:38:54 PM
From: CommanderCricket	Read Replies (2) \| Respond to of 206316

Dale, When discussing short and long holdings, IMO there are different diffentions between a trader and investor. As I need monthly income from trading, LTCG aren't an option in some cases. Writing options helps for beer and gas money. Here is the strategy I've used since the mid 90's. Percentage wise, I hold core positions in 2/3rds of the portfolio's. These positions are held 1 - 2 years, some longer. The rest are traded around a trend. In addition, 10% - 15% of the portfolio is used for speculation and special cases. For instance playing the Bolixi Marsh Lands with TMR or taking a position in NTO. These are always sold into strength. I hate diversification. My previous post was about changing the above strategy and being proven wrong. Could I have done better - absolutely! Wish I held RRC when it $2. Michael