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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: Double Dipper who wrote (668)	2/7/1998 6:43:00 PM
From: Cents	Respond to of 1100

Great post Kevin! Those are my thoughts exactly. In this the experiment is already a success. I myself have already learned a lot from this thread as far as trading methods and getting a better feel for risk vs reward. To over regulate the thread would take away some of the reality of it. The returns most of us have achieved have been nothing short of phenominal in light of the fact that most of us use many different methods of investment. I am really impressed with Scba's returns based on the relatively small percentage of dollars put at risk! Jodies gains have been extreme but it could have just as easily have gone the other way like it did for Evan. She took the chance and won. This is what I like best about the market. Risk vs reward. I've been on both ends of that so I try to strike a balance with it. I love the feeling you get when you are on one that takes off. I wish I hadn't missed BAAT! I almost bought some of that months ago for around nine cents! Here I thought it looked too spooky and now look what I missed. Did get on a few though....I love this. I really believe that by the end of the year most of us will have our trading skills sharpened to such a razor edge that making a living at it will come easily and naturally. The Internet has in my opinion reduced the entire economy to a video game. I plan on winning that game...we are all really partners on this thread on a quest for insight and wisdom in the markets. I am sure that there are many people who don't post who read the thread as well. This is a wealth of knowledge and that was my intention when I revived the thread. The theory was if you build it they will come. The only competition I think the thread really has is to see how close to averaging $1000 per week we can get! Anyone who makes even CLOSE to $52,000 in a year on an initial investment of $5,000 is a winner in MY book! Anyway in a nutshell, my vote is to keep the thread free and open and let the cards fall. If I make $52,000 profit and come in last it won't bother me one bit! My only goal is to win the castle and the princess...this thread is only a stepping stone toward those ends. Cents

To: Double Dipper who wrote (668)	2/7/1998 6:44:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 1100

I did not mean to sound accusatory--I had not looked at the stats and was simply amazed when I finally read the numbers. I'd been completely ignoring all those penny symbols as trades were posted, but clearly there is one person here that has the knack and that's great. Here are my only ideas of late. At half an hour before the close on Friday--I bot Microsoft puts. Although Microsoft closed suddenly quite strong I still think that it has had way too good a run these past weeks, and profit-taking, or a renewed interest in DOJ news on the wires will take it down next week. Also, if there is indeed any reason for people to think it will be cheaper for them after it splits, then those folks should not be buying next week. Also, sombody over on the Kahuna thread has twice pointed out lots of extra volitility in the market in general in the time period two weeks before expiration--who knows? Anyway, the puts are not in my contest account, but I bought a handful of the Feb 155's at 2 1/4...they might be something to watch if Microsoft starts a trend down next week. These puts have the added attraction of not carrying much of a premium (compared to other high-flying issues)...but if the market in general goes down next week, Microsoft puts should do as well as anything. After a big up week last week, I dont see why the market should be able to do that again. Next idea, Viragen, VRGN--again I hold this in a different account, but it did pretty well on Friday--higher volume than usual and up 14%. It's not exactly a penny, but they should announce an agreement with the Red Cross soon (human Leukocyte interferon) and I dont see why if the announcment occurs it wouldn't jump to 3 from $2. Naturally I sold 3000 of my 7k shares on thursday, a clear signal to start loading up on it :-)