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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (1810)	3/15/1998 10:11:00 PM
From: lobster	Read Replies (1) \| Respond to of 34809

Jan, Here is a humorous yet truthful piece on managing your portfolio(from DWA of course): 10 ways to sabotage your portfolio: 1. BE ARROGANT - Don't do your homework, don't check on the fundamentals and don't bother with a game plan. 2. WHEN A SECTOR REVERSES UP, WAIT UNTIL YOU FEEL COMFORTABLE TO BUY. This is an ideal method for catching stocks 10 points higher. 3. BE AFRAID TO BUY STRONG STOCKS. This way you can avoid big long term winners like KO and MCD. 4. SELL A STOCK B/C IT HAS GONE UP. This is the best way to cut your profits short. Trim but don't sell all. 5. BUY STOCKS IN SECTORS THAT ARE EXTENDED BECASUE IT'S DIFFERENT THIS TIME. Not. 6. TRY TO BOTTOMFISH A STOCK IN A DOWNTREND. Instead, try jumping off a building and stop 5 floors b/f you hit the ground. 7. BUY A STOCK B/C IT IS A GOOD VALUE. There are 2 problems with this: 1. It can stay a good value by not moving for the next decade, or 2. It can become and even better value by dropping 10 points. 8. HOLD ON TO LOSING STOCKS AND HOPE THEY COME BACK. An outstanding way to let your losses run. Combined with selling stocks that have gone up, you can construct a diversified portfolio and register it with th Kennel Club. 9. PURSUE PERFECTION. There are 2 diseases: 1. Hunting for the perfect method. Trying a new system each week will not get you to your goal. It requires remaining focused on one method and maintaining consistency and discipline. 2. Waiting for the perfect trade. The sector is right, the market is supporting higher prices, good stock chart - try to buy it a point cheaper. Right. Better to be approximately right than precisely wrong 10. DO ANYTHING BASED ON A MAGIZINE COVER OR MEDIA ARTICLES. The method of choice for those interested in the fastest route to the poorhouse. Why should the journalist who just switched to the business section form the society pages give you investment advice? Good Night, Lobster