To: steve susko who wrote (21094 ) 10/28/1998 6:32:00 PM From: IQBAL LATIF Read Replies (1) | Respond to
I rarely disturb my core, on market choppiness I never worry about bottom line thinning rather concentrate on winning on SPZ and synthetic trades I put on, once I see valus I jump in I am a little early but being early is better as you add aggressivley when you see that you can get Dell for 44 instead of 51 or Nokia for 59 or 60 instead of 71-- however once you determine that deflation and end of world thing is nonsense you position yourselve, rest is what market does for you, it takes you up like a rocket if you are on theright side of trade, I also invest all my short term money money made on puts to work that is very helpful as liquidity is utilised and you keep adding at lower levels, I think 1320 can be equated to 750 on SPZ or 6500 on DOW if you miss that and overlooked the linkages I think you missed a great opportunity, I have een pounding the table for opportunity lost not that I was on the long side but to highlight that when opportunity comes like 28th Oct and 27th July 96 one should be able to pull the trigger, it is not going to be the last time that we saw such ferocious selling but whatever it is worth I will like this to be hallmark of new trading careers - rule is never do what majority thinks is right and never ever trade what majority thinks is the right trade one last request before buying puts look at volatility never buy puts when volatility is at 89% you sell put at that kind of volatility. All said and done business stays as normal the guys who missed the train still open their shops but I keep reminding this one issue as market real moves have to be exploited even within a trend even if it is a dead cat bounce and read the markets with associated issues like bond break, this time the miss was criminally negligent as bond broke and $ weakened, I also highlight one little fact $ weakenss in 95 heralded the big mover in tech I was looking at charts we will in first quarter see SOX 380- the $ signs are predicting that.. The only learned man in this world is someone who knows how little he knows about everything it is in this earnest I keep making best efforts to learn to trade and add on to my small armoury of dangerous trades, the markets are bigger than anyone but I know one can beat them consisitently if one keeps making small efforts to beat the odds, it is not a zeros sum game but a game we play to load the dic in our favour, we try to look at deflation on charts it would be better if we try to see the charts with a all encompassing bird's eye view, we learnt it hard way by paying our dues we try our little best to share our experieices our follies and our mistakes as we come off age and conme into an era where trades just seem to unravel..but still I read and spent a lot of time making sharp fine tuning to my trades..
