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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (18496)	4/8/1998 8:00:00 PM
From: rocklobster	Read Replies (2) \| Respond to of 95453

Diamond, OT I appreciate your comments regarding buy and hold.. FGII.. When I first bought FGII it was at 34 and was last December. Buy and hold would have netted me 0 profit from December to Today. I have been able to capture nearly 10 points trading in and out of FGII. Besides, I am only 31 and have only been trading aggressively for 6 months and all the trading I have done has taught me a considerable amount about the workings of the stock market and TA and FA and risk management. Ultimately, I would like to have the luxury of just buying stock and holding it but I am interested in being a full time professional trader. i.e. creating income not just building portfolio value. In all honesty in 6 months of trading I probably have a minimal net loss. Most of the money I have lost has been buying calls that lost value or expired worthless. I am not touching options at this time.. Learned the hard way. Thankfully my profits from trading FGII have nearly paid my stupid option losses. I agree that trading less would probably be better but it just seems like when I try to hold out and not trade I watch positions go against me and I would rather sell and take home some money than just watch a position become profitable and then become a loser and then become profitable and then become a loser and then become profitable and then .... As the story has gone in drillers in the last 6 months. It sure does hurt though when I sell and the stock keeps going afterwards. I would hope that I will still be welcome at THE GREAT DRILLERS PARTY when the time comes and I appreciate your input. I really learn tons from all the people who share here and I am greatful for the many well rounded points of view. THANK YOU ALL Happy investing :) later, Richard