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Strategies & Market Trends : AIM Questions and Answers -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Goldberg who wrote (66)	10/31/1998 10:32:00 AM
From: Skipperr	Read Replies (1) \| Respond to of 221

Bernie, Thank you. Your advice and comments are welcomed and well appreciated. Successful investing can be like brain surgery, or, it can be a little more relaxed. 1st of all, unlike brain surgery, they do not teach a course in successful investing. I guess that there are just too many ways to skin the cat. With what little I know, I've determined that I must find out what kind of a trader I want to be. It is impossible for me to be a day-trader so that leaves me with other choices for proper trading time frames to realistically fit my lifestyle. I'm still searching for that proper time frame, for me personally, in which to trade. 2ndly, I've observed that the window for a successful trade is become smaller and smaller, i.e., by the time traditional indicators show a bottom, the tradeable is already rocketing off into the stratosphere. This presents all kinds of problems - need for constant monitoring, slippage, frequent trading=hi commissions, vulnerability to huge and immediate sell-offs if stops are used. A.I.M. is a strategy for successfully dealing with the latter. It forces you to buy as it's dropping like a rock, and sell as it rockets off to the stratosphere. Buy low, sell high. Slippage is to your benefit. Commissions are low due to infrequent trading. Huge and immediate sell-offs present buying opportunities. A.I.M. provides a "business plan" which is so important for successful investing. And, from what I've read, it allows us to take advantage of long-term capital gains rates. The main requirement is that the stock, and the overall market, be trending UP over the intermediate and long term. If they don't trend UP, you just keep putting good money after bad, ouch! Question: Do you subject yourself to any kind of discipline that forces you to confirm this overall UP-trend? Speaking of the tradeable, one huge responsibility, for a successful trade with minimum risk, is picking the right stock(s). I know that you've mentioned a method you use, I'll have to go back a reread the post. Once again, I very much appreciate you sharing your experience! Best regards, Skipperr