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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (4392)	10/18/1998 11:22:00 AM
From: Jurgen Trautmann	Respond to of 11051

When I'm reading about "secure" situations for buying or selling, I remember that... Mr. Peter Lynch wrote something like this: "It's not important that you win frequently - it's important, that you earn more with your winning trades than you lose with your bad trades." (Sorry, Mr. Lynch) Monsieur Kostolany said something like this: "It's not important, how often you win or lose. It's important, that you win more frequently than you lose." (or similar... <g>) NOBODY can win a lot who bought "near the July highs" - that's the definition of "high", n'est-ce pas? Vice versa nobody would consider to sell last thursday, when most bluechips were wandering 30-40% below their highs - it would have been a huge risk against a small winning-chance - even without Mr. G, even with a "below 7000"-dji in October. It's quite stupid to search a small chance with high risk. But it happens, when one try to react on market-movements instead to foresee probabilities. Greetings from Madrid! Staying in the Hotel Plaza Mayor for a few days. First impression: great city - in every meaning of great. Jury PS: Steve, Kostolany is making tee-vee-ads about aluminium (during these ads you see some Audis driving around...)