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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (13665)	5/3/1998 2:46:00 PM
From: Shoot1st	Read Replies (1) \| Respond to of 34592

Same here. Smaller losses though .WOW. Ain't it wonderful to work this way. Tim, if they all thought like you.....none of this would be going on. It started out as a mission and fun..then just a mission......now the missions almost over..the fun is gone. Come Monday the winners will win and the losers will lose. there will be many more winners this time around. I worked for 20 years with people around me that would take your kids milk money for a night on the town. Nobody said a word. They're still out there. Here, we can try to do something. Shoot1st

To: Tim Luke who wrote (13665)	5/3/1998 5:24:00 PM
From: Jenna	Read Replies (3) \| Respond to of 34592

Tim. very interesting. I've been doing this a few years and I've come the opposite way. I was lucky in the beginning and making money quite easily. I researched a ton, since my background as a teacher and educator gave me the background I needed for thoroughly checking out the stocks. Then came October 1997 and I thought I was smart in preparing 25 different options for the earnings reports coming out in the next two weeks, I was in for a rude awakening. I lost about a year's wages I made as a teacher in 1 day with those options. But like you I've come back, fine-tuned my trading system not to keep more than 4-5 options at one time and to always have at least 85-90% of my trading portfolio in cash at the end of the trading day. It took me nearly 3 months to get even.. and by January 27, 1998 I was making more money again. In the first quarter of 1998, I've been concentrating a lot on my money management and risk management techniques. I would not give up trading either.