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To: Jenna who wrote (6298)3/20/1998 10:31:00 PM
From: LastShadow  Read Replies (3) | Respond to of 120523
 
Weekly Portfolio - A few comments:

Part of the reason I am doing this (to answer some email here) is that there are lot of folks new to trading/investing, and the lure of making fast money can ruin dreams. I started out pretty much the same as everyone else, buying one stock at time, selling too late or buying for the wrong reasons, or at the wrong time. Jenna and Joe Copia and Options Jerry weren't born with the talents they evidence here either. Posting Watch Lists, giving trading tips and information on trendlining charts, fundamental or technical analysis is important, but not a holistic approach. With the massive amount of misinformation, conflicting data and strategies du jour online, its difficult to know where to start.

I thought it would be valuable to demonstrate this with real money and end-of-week trading so that the average investor with $10-40k could better track and visualize simple risk management, diversification, and using limits and stops. Granted, using end-of-day data would make for a more profitable position, but not by enough to justify the time it takes to reset stops, make new picks, check for news, etc. Its far better to come home from work and spend time with the things that really matter in life, like family and friends and doing things for yourself.

Enjoy the weekend, gang.

lastshadow