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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: Marq Spencer who wrote (566)	1/30/1998 7:08:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 1100

Okay, thanks. Well this is pretty nutty but I'll give it a go. I started an account for cheap commission trading last summer and have since doubled my money...finally this month getting up to 5k, the starting criteria for "the game". Make 20% a week, man that is a tall order. Here are my trades for the last month. I do have something in mind for this next week...but I have not decided yet...will post later this morning. 01/08/98 12:55:40 Bought 200 PHI at 18 $-3609.99 01/16/98 11:43:31 Sold 200 PHI at 21 3/16 $4227.36 (phi is Philipping long distance) balance $4236.36 01/26/98 15:32:34 Bought 1000 SYBS at 7 $-7009.99 (sybs is Sybase--bet I didn't have to tell you that one) balance $-2773.63 01/29/98 10:34:14 Sold 1000 SYBS at 7 29/32 $7895.99 balance $5122.36 You can see that to simply get above the 5k limit to be in the game I had to 1. trade on margin. 2. go for a risky dead cat bounce. Also, it is interesting to note that if I had just stayed in PHI the whole time I would have made just as much after PHI's gain yesterday--without having had to do something, which, was a total gamble. Anyway, you can see I am going into this with trepidation, but what the heck, this is probably one certain way to convince myself that I should or should not be trading to begin with!