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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Darth Trader who wrote (13516)	7/31/1998 12:32:00 PM
From: Chris	Respond to of 42787

excellent post darth.. i hope everyone just sits down and take things slowly. i know when I've rushed a trade, i always lost. trade w/o a plan, i lost. anyways, im busy setting up my buy list. i do feel we will be rallying next week. how far up? not sure. all economic news out already. i think the mkt is doing heck of a job staying alive. when signals say buy, i will be ready.. until then -- research research research.

To: Darth Trader who wrote (13516)	7/31/1998 12:40:00 PM
From: Robert Graham	Respond to of 42787

I am impressed by you being up front about your experiences. I just hope many traders here will listen to you. I agree with everything you say. And that comment about Cooper working in trending markets is true for most that is out there. However, it is the volatile periods of time that can reverse on you which I see you are aware that you need to watch out for. But it has been my experience that those junctures in the market provide the most opportune times to make money as long as you know how to read them and play them correctly. Imagine the money you would of made by shorting those stocks like INTC. It looks like you had a feel for picking out these junctures in the market. If played in the opposite direction, as you know, you would of made money. The tape and technicals of a stock will give away where the stock is heading at these junctures, and likely give you multiple signals before dumping. But this is my opinion. Due to your experiences, I think you are in a very good position to continue your pursuit of the market. Having the right attitude and frame of mind is a major part of this IMO. Many I see are no idea what can go wrong with their trading, no concept of risk. Thank you for sharing with us your experiences, which I think many have more to learn from than what gets commonly written about around here at SI about a trader's successes. Of course people write only about their successes in the market and make it out that they were some genius in making that trade when in many cases I think it was blind luck that came from following the crowd. Turning points in the market will slice and dice these people up. But you never see them write about their negative experiences. No great surprise here! Just my opinions. Comment welcome! By the way, I see that the strength of the CMGI bounce is news driven. This explains what I am seeing. But even if this stock were to turn around, after the spill it took, the turnaround will take time and occur in stages. I do believe a consolidation period is in order here if the stock does manage to terminate its downtrend. Bob Graham

To: Darth Trader who wrote (13516)	7/31/1998 2:03:00 PM
From: the options strategist	Respond to of 42787

Darth, a great story. Frankly I think most of us started pretty much the same way and the ones who are or will be successful are the ones who will be able to step back (before they lose everything), assess and learn from the many mistakes recognizing they will always make them. The difference is they (mistakes) will be made from more intelligent and educated choices. I think one has to lose to learn in this business. Most anyone can make money in a strongly bull market with a few leaders but they have not a clue what to do in other kinds of markets. I think I am fortunate in that as a loser, I had enough sense to observe and learn how not to lose so much ggggg. I plan to be very good in what I do in the market and make a lot of money. Now to learn how to make all that money. :)