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Strategies & Market Trends : The Market Taught Me That...... -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (84)	11/8/1997 11:34:00 PM
From: C Dunn	Respond to of 151

RE:"I will have 30% of my protfolio for short term trading..." My question to the lurker; why a dime?

To: Cynic 2005 who wrote (84)	11/9/1997 5:40:00 PM
From: freeus	Read Replies (1) \| Respond to of 151

Mohan: What a great attitude. I have lost 15% of what I had on Aug 8th and I am whining and crying about it. You are so cheerful! I would love to get back into buy and hold as I used to do. But I cant, I love trading too much. I need to find a way to do it that makes money though or when I retire I'll be either working again or living on the street (not wall st). I agree that the market dropping 15% from its high is a signal to sell. But do you think that means sell everything? Are you completely out of everything now, or holding on hoping things will come back? I need to do something soon to get out of margin. I am hoping for an updraft from cpq and dell. I have given up on an updraft from wdc or intel. (I still like intel but I need to sell something to get out of margin.). Maybe I even still like the others, but what is there to like when a stock is falling. That wasnt the reason we bought! I was thinking of the 30% or 25% for trading also. And leave the rest in long- but which ones to keep for long? Best wishes. Here's to prosperity. Freeus You can only live life as you choose if you allow others too also.

To: Cynic 2005 who wrote (84)	11/10/1997 9:02:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 151

All, The one that cost me most taught me this: When a trend is in place - don't look for the correction. Quite the same as The trend is your friend. I saw the trend change, bought OOM options, and then sold them for a small (50%) profit, looking for a correction, which never came. Two more days of same direction strong action (the options I closed were now worth about x5 my buying price) I was convinced that a correction was about to take place and bought the options to the other side. The trend only strengthened, and instead of winning big time, I lost big time. The sad thing is that I called the target price right, and should I stayed with the original position would have made x15, but I wanted it all, and ended losing money on a correction that neber came. ATG

To: Cynic 2005 who wrote (84)	11/10/1997 7:10:00 PM
From: purecntry5	Respond to of 151

Personally I found I couldnt sleep when I was too heavily margined. Being fully margined really takes the strategy out of the market. If you get behind you are forced out of your position without being able to wait it out. I also got too trigger happy when I got behind a point or two as opposed to just waiting out the swings....and I saw on another thread a reference to using credit to cards get more leverage, cover margin calls, etc and THAT made me sick. That has to be the worst idea since Adam ate that apple. Cowboy/Easy sleeper Brett