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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: Dan Ross who wrote (126)	12/12/1997 6:06:00 PM
From: Jurgen	Read Replies (2) \| Respond to of 1100

Dan, a stop is more a mental thing. Setup your limit, let's say 8% or 10% loss or whatever you can stand, than watch and stick to your limit. That's the tough part, to enter the sell at a loss. Human beings don't like to realize the loss. You see it going down, it goes down 10.1 % and you think "that's a bad time to sell, it sure will go up.." and all of the sudden it's down 14% and you think (HOPE) again "it MUST go up !" Now you're a long term investor (..well, the fundamentals are sound..). Don't use hope in trading! In general there's nothing bad about being long, but if you bought the stock to trade and now you can't find the emergency exit, that sure is bad. Short term trading is about gains and losses, the total is important. I normally have 7-10 open positions, always some of them go against me. I learned to pull the trigger. It hurts, but it saves money. Oh well, just my 2 cents Good luck

To: Dan Ross who wrote (126)	12/12/1997 6:39:00 PM
From: Cents	Respond to of 1100

Oh come on Dan! You certainly can't stop the experient! This has been a really strange week! Remember that it is never a loss until you give up and sell. The overall glumness of the NASDAQ markets are bound to go the other way....gotta have faith! Just get rid of that 1 week stipulation and make it ten trading days, then as time goes on you can use less and less leverage as your position solidifies! $1000 a week as a percentage of $10000 is tough at first and requires luck,leverage, and market savvy. But these losses will eventually be averaged out as the equity provides more leverage and $1000 becomes a smaller percentage of the whole! Your experiment is similar to an investment system I use. I start out high risk high leverage and spin out into multiple systems as the equity increases. DD is a constant thing though, especially at the beginning when the position is more risky! Never give up though, once you give up you're done. Thats one thing I'll never do. This market seems to me to be being hammered by the following to me: 1: Christmas....people a lot of times pull cash out of the markets for Christmas. It gets back in in through different channels. 2: The NASDAQ listing requirements....a lot of money is waiting to see which companies weather THAT storm.... 3: The Dec. 15th Business Week Cover story... a lot of fund managers probably went back to NYSE on that one! Real scary stuff...but not quite as bad as the press always makes everyone think. There are other factors, one of the least I believe to be the Asian markets. Although the press seems to think that ours always follows theirs! I believe that theirs in reality would follow OURS! But the attempts at autonomy have brought them down. Eventually the global economy will work like a clock but now it seems to be still in the beginning stages. The net will hold it all together somehow... Lots of great buys out there! Cents