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Non-Tech : Will the Lawyer and the Broker fight forever? -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (1)	8/8/1998 6:10:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (5) \| Respond to of 140

dont be surprised if it takes a while for the illustrious stock broker to get back to you but perhaps someone else will answer in the mean time btw, Steve Goldman has a thread that is excellent to answer specific questions on the inner workings of the industry and his website is informative about different issues you can also get a daily mailing from him if you chose oh yeah, he is a lawyer AND a stockbroker

To: dennis michael patterson who wrote (1)	8/8/1998 6:13:00 PM
From: flickerful	Read Replies (1) \| Respond to of 140

kick off the thread...three most important things good question. but, everyone would would love to know the answer to that... to be on the same page dennis, how would you characterize <<successful in the markets>>.

To: dennis michael patterson who wrote (1)	8/8/1998 6:37:00 PM
From: nycnpbbkr	Respond to of 140

an old post I did Wiley, <<<<Have you known anyone that consistently made money using TA. >>>>> After being a stockbroker since 1985 I tried to figure out who makes money, who keeps their money and how they do it. I have a great perspective because I have multi-millionaires, little old ladies, young students and everyone in between as clients. I have found that there is only 2 styles of investors that consistently make money. And here they are... The number one investment style that consistently makes money in the stock market. Is the buy and hold investor. Let me give you an example of the phone conversations I had with these investors over the last 2 week. <<< "Ken I see INTC is down 10 points this week, has anything changed fundamentally with the company"?>>> If my answer is no than they ask me what I did last weekend and tell me they will have $100,000 at the end of the month to invest and hang up . This sounds like it's difficult to do but it isn't. Just 5 years ago everyone would agree that MSFT and INTC were GREAT companies. We all knew this! Then why haven't we all owned these stocks for the last 5 years?? Because as traders we all think we are too intelligent to have perseverance. It's obvious that MSFT & GE are GREAT companies. We all have another chance to persevere for 5 years! Will any of us own them in 5 years? The second type of person that consistently makes money is the true speculator. They call me out of the blue when the stock down big. They ask if anything has changed. If they answer is no than they buy(@ the market). They did this last week right near the lows while everyone else was scared or selling. All they know is it's a good company and it's stock is down big. True, this is much harder to do, but making money has to be hard. If not everyone would be rich.