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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (516)	11/13/1998 1:32:00 AM
From: Netizen	Respond to of 56535

Tj, Thanks. Once in a while things happen that make you wonder whether I am doing something foolish. For example I bought KTEL for 19 and sold it at 20 and felt good. Next day I found that it climbed to 30. Instead of day trading, I had been investing and when something goes down, I simply wait till it goes back up. Since I mostly deal with tech stocks, this worked out okay for me. As a trader I am still struggling. My problem seems to be mostly selling too soon. Some where I read that I need to take a 3-5% gain and but wait till it moves down 10% to take a loss. The idea is to take several gains and very few losses. The only thing I have not figured is how to pick the stocks to trade. I mostly come to this thread and TM's and try to see what people are doing. Regards Dorai

To: Trader J who wrote (516)	11/13/1998 1:36:00 PM
From: Rick Faurot	Read Replies (1) \| Respond to of 56535

TJ, Great post (#516). I admire your energy in helping new traders. I agree totally with what you say. Thanks for the effort, and this is a terrific thread. Rick

To: Trader J who wrote (516)	11/13/1998 11:35:00 PM
From: Shmar10	Read Replies (2) \| Respond to of 56535

TJ: Great post. It's really great to know that there are people willing to take their own time to help others. Gives me a warm fuzzy. I laughed when I read <<If you plan to become a serious trader, swing or day,invest some money in learning on the job. I suggest taking $1000 as an "educational" expense and kiss it goodbye, as it could disappear>> I had just done this, buying shares of ONSL and ALLP. I liked the fact that they were intermediate trades. Any input on these choices? Thanks again, Shmar