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To: Bazmataz who wrote (22640)5/21/1998 5:15:00 PM
From: 007  Read Replies (3) | Respond to of 95453
 
<Everyone says let's do what let's us sleep and play in peace. >

You're most peaceful when you buy a stock that is rising or sell a stock that is dropping. If you're holding long-term now, you can accept your losses, sell your shares and sleep wonderfully - at least until they fly up next week.

I guess the point is that what feels comfortable and allows you to relax and play is often the wrong thing. Trading goes against human nature. Usually, when everything seems terrible you need to buy and when everything seems great you need to sell. Human nature causes you to do the opposite and that's why short-term trading is so difficult and risky. I believe that most short-term traders would do very well by placing the opposite trades of what they decide upon.
OO7