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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: Michael Turner who wrote (7041)	10/28/1998 8:09:00 AM
From: VALUESPEC	Read Replies (3) \| Respond to of 7396

<<As a wise man once told me, "Once you learn how to NOT lose money, making money is easy.">> Michael, I agree with what that "wise man" once told you ! It is amazing, however, that even after learning that how easy it is to do the wrong thing. I held CD as it continued to fall, and fall, and fall. I also think that I have been doing so well for so long that I forgot how it felt to lose a lot of money. I now remember and have determined not to hold a loser like that again. It could have wiped me out. I'm still down for the year, but my recovery has been extremely good, fortunately. I have also noticed that after a string of successes, I am tired and more prone to not want to watch the stocks and make the difficult decisions that I was earlier. As a result, after doing well and getting tired, I plan to take a long vacation from trading before I come back. Also, when the market is acting crazy, that is also a good time to stay away. I am still down about 20% after being down much more (after being WAY up). Hopefully, I won't ever risk as much as I did durning this last fall. Stop-loses are too important. Another great buy comes at least twice a year. Patience is king. Where is Lizzard? Is he bankrupt? We should share our experiences. How is everyone else doing? Is anyone up? I have CD, still, KELL, and I just bought FGII. I also have some SKYC which just went negative on me. Earnings come out tomorrow. I was planning to hold for earnings for the conf call, but who knows? VALUESPEC