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Pastimes : Rules We Can Learn From -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (44)	4/26/1998 2:05:00 PM
From: Roger Bodine	Read Replies (1) \| Respond to of 109

More guidelines: 1. Considering a stock? I check it out on the SI thread to take its temperature by other investors. If not good,I pass. Also check it out on Second Opinion in Market Edge, VectorVest, Zacks. 2. I like volatility, Beta 1.2 and higher. 3. At market open I will sell on a crest but never buy during the first 30 minutes, let the nights orders process first. More later, thanks, Roger

To: mph who wrote (44)	4/26/1998 2:09:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 109

1. Only play with money you can afford to lose. 2. Trade only in tax sheltered account (investing okay in taxable account e.g. >18 months...) 3. Average into a position, by thirds is good, this doesn't have anything to do with the chart, just a way of easing into an idea, prevents you from buying on emotion. 4. If a loss in something starts bugging you, pay for it with a gain in something else, nothing wrong with being even. 5. No margin 6. Don't bother with limit orders, if you want it buy it, they are going to get their cut no matter what, live with it. 7. Periodically review the list of stocks you follow, thin some of the crappy ideas out (I finally took Sybase of my list of things I follow, why bother!) 8. Screw options, I'm even on them, and I'm out. Finally, this last rule is for moneymanagement in general: 9. One of the best ways to generate money is not to invest, not to trade, but merely to not spend, works every time, foolproof.