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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: Laurens who wrote (481)	1/25/1998 9:12:00 AM
From: Double Dipper	Read Replies (2) \| Respond to of 1100

Laurens, There are a number of good websites that offer very good overviews of stocks. Too many to list. For beginners, try vectorvest.com you can get a up to three stock screens a day without becoming a member. These are cursory scans for quick valuable info. Yahoo is good to get quick company profiles and research for free. Especially news reports. SI threads on the stocks. Online brokerage services usually offer reports from First Call or Zacks. Soo many sources its hard to pin them down. You can call the companies direct and ask their investor relations people questions about the company your interested in. But mainly, READ, READ, READ about the company your researching. Then its gut instict to weed out the hype from the valuable info. Remember, Always Remember - Buyer BEWARE!!!! YOUR HARD EARNED MONEY IS ON THE LINE IN THIS HIGH STAKES GAMBLING OF TRADING. IT IS NOTHING SHORT OF GAMBLING - HOPEFULLY WITH AN RESEARCHERS EDGE. REMEMBER ALSO, THE BEST COMPANY IN THE WORLD CAN TANK BECAUSE A POLITICIAN WENT TO BED WITH THE WRONG PARTNER(S) AND GOT CAUGHT. NOTHING IS A SURE THING. ALL YOU CAN DO TAKE YOUR BEST GUESS. STRONG COMPANIES WILL REBOUND FROM MARKET FLUCTUATIONS BUT HOW LONG IT TAKES IS THE KEY. KEVIN

To: Laurens who wrote (481)	1/25/1998 1:03:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 1100

If you must trade: Pay off $25k on your mortgage, and calculate what that saves you each month. Spend that on one careful option trade each month--keep tabs on the plays you would make if you were playing with the original 25k, but save the one trade each month for when you are feeling that you should not have paid down the loan--that is, your are just dying to place a bet...and you're kicking yourself for not having the 25k on hand. I say this because it is conservative, yet gives you plenty of bang for the buck if you want the action. This represents about half my strategy--I also get a little thrill trading stocks in an IRA and with a cheap Datek brokerage account, which unfortunately pays tax (one suggestion, dont do much trading in your taxable accound, it's a pain keying everything in at tax time). I guess I would say that if you want to trade, start out with only a small amount of money. If you just have to spend a windfall on something, maybe a closed end fund trading at a discount would be good, but be prepared to hold it a long time.