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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (1861)	12/3/1997 4:01:00 AM
From: charles@nagshead	Read Replies (2) \| Respond to of 4969

Don - hypothetically speaking, If you were to casually wander into a party...and find most of the people to be, oh..say, "disgruntled" with your patronizing babble...would you - A: leave the party and go elsewhere, where you might be appreciated, or B: stay there, and try your hardest to make an a$$ of yourself? Steve,I hope you will forgive me for interjecting, but Don, you are more than welcome to start your own thread. There are so many people who might need your help elsewhere. If we, or anyone else, are interested, trust me... we'll follow. If you can't assert your talents in a positive way, then go! This ends the "I'm frustrated" post. Steve, keep doing what you are! I, and many others, appreciate your candid and informative discussions. It takes alot to pull me from the shadows, but geez! Hope I haven't ruffled to many feathers, I was only gunnin' for one cock, charlie

To: Don Green who wrote (1861)	12/3/1997 7:44:00 AM
From: steve goldman	Respond to of 4969

<<Compliance?>> Compliance from the NASD/SEC etc? Absolutely. I am a options,sales principal, registered rep. I face all the legal compliances that any professional in the market faces. Also note that individual investors face just about the same standards for many areas. Obviously not dealing withmarket making, printing to the tape, etc., but insider trading, short sales, regulation t stuff. Compliance from THE FIRM? Actually, outside of legal compliance like not making markets, trading against a client, insider trading, etc., the firm doesn't restrict me one bit. I restrict myself or let say, limit myself, for the following reason: If you buy 4000 xyz and are trying to trade it for an 1/4, you have to really key in on it. Now lets say I am working an order to sell 1000 shares of abv for a client and trying to get an improvement while protecting them with SOES,etc. (which all takes a lot of work and skill). I can't be worried about my 4000xyz. After all, I am a paid professional. The firm pays me to take care of clients, not trade for 1/4s. Nonetheless, there are times I definately do trade and trade well. Believe me, I was in there yesterday banging around Dell a few others. It was very quiet in here, a blah day. I started out as an investor, became more of a position trader and then started day trading. It is from this experience that I felt I needed something more substantial, that I could do better overall, for myself and my family than simplybeing a day trader. Daytrading, its been around for ever. Been there, done that. My allocation, my strategy works fine for me. Great returns, less risk, ability to focus on things more than 1/8s and 1/4 all day, every day. Mutual funds...I do a lot of research and work on mutual funds using a lot of the tools we have in the office, databases, etc. Mutual funds should probably the number one choice for most investors and should be in every investor's portfolio. We charge a very, very nominal fee to do mutual funds but we earn it through the research, balancing and allocations that we do. We spend time looking for funds with managers we like, stocks we would own individually, etc. I personally think the US is a leader in really only two areas, technology and health care/pharms. Putnam Health gives me the mrk, sgp, jnj, etc. Financials have and will do great in low interest rate environment as long as economy stays strong, so windsor II excels there. SP500 for broad market exposure. Genesis for small caps. Partners, well, I just like Nueberger and Berman funds. Regards, Steve@yamner.com