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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bogeey who wrote (4717)	10/30/1998 12:28:00 AM
From: Tim Luke	Read Replies (2) \| Respond to of 7247

we all can learn alot hear if people are willing to admit their mistakes....anyone can brag about how much they made on a stock...BIG DEAL... as for over trading.....i was being very self destructive last year and was just trading just to trade and for a solid 5 months i lost my ass in the market for being dumb wise ass thinking i was going to make a killing on every trade....and then i started buying stocks that i knew ZIP about and started the losing ball rolling....then i made the biggest mistake ever...going back and trading the same losing stock over and over trying to NOT when back the money i lost but to regain my stupid ego. i took several months off and did not make one trade and i went over every mistake i did until i was blue in face. right now i'm so confident in my trading style and i have never done better in the 8 years of doing this full time. i have perfected my system and will never forget the costly mistakes that i have made.

To: Bogeey who wrote (4717)	10/30/1998 10:11:00 AM
From: Olu Emuleomo	Read Replies (2) \| Respond to of 7247

When you say "over trading" what do you mean. I think I have been a victim of the same thing. I have cost myself money selling one stock to move into another that I come across that seems to provide better opportunities only to see the one I sold go up the next several days. Overtrading! I am guilty. I am on track to execute over 1000 trades this year! At an avg of $15 a trade, that's $15K! This is too much. The Motley Fool have made maybe 2 trades this year, and they are UP 50% YTD. I am NOT up 50% (more like 16% YTD) I really have to look for a solution (not MUTUAL funds 'cos I am beating all my mutual funds YTD) --Olu E.