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Pastimes : Daytrading and Stock Trading Addiction -- Ignore unavailable to you. Want to Upgrade?


To: HG who wrote (124)1/13/1999 10:44:00 PM
From: heraclitus  Respond to of 330
 
Step #1 - Admitted we were powerless over gambling...I mean investing and that our lives had become unmarginable...I mean unmanagable.

Step #2 - Came to believe that a power greater than ourselves...

Oh hell with it, pass me 5 NLQOH's at 3/8s

homer



To: HG who wrote (124)1/13/1999 10:51:00 PM
From: Maarten Z  Respond to of 330
 
Just go with it Happy Girl.
Immerse yourself in the game.



To: HG who wrote (124)1/14/1999 2:13:00 AM
From: Sword  Read Replies (1) | Respond to of 330
 
James Cramer confides he is an Addict.
_____________________________________________
How Can You Stay Away?
By James J. Cramer

I trade for a living, so I have every excuse to be staring at screens, making calls, watching CNBC all day, sitting in on conference calls and watching these bizarre moves.

But what I want to know is how do you part-timers do it? How can you pull yourselves away? How can you do your jobs and trade or watch what is clearly the most exciting market I have ever seen? I think if I were working as an attorney at some law firm, mindlessly proofing documents or checking insurance numbers, I would go bonkers if I had an E*Trade (EGRP:Nasdaq) account. I mean, who can handle the competition? To me it would be like everyday was a weekday playoff game, like those League Championship Games in baseball. Who can focus?

Wednesday was a classic example. I have to believe that doctors, lawyers, full-time workers with the bug couldn't take themselves away from the screens. The moves were just way too heart-stopping, the swings simply fantastic.

Honestly, I would like to know how you do it? I know in the '80s when I was going to law school and trading I eventually had to give up one of the two, so I cut class with reckless abandon 'cause you couldn't make a dime in class. I still remember getting the boot in evidence for rustling the Journal option page too loud while the professor droned on about something I knew from old Perry Masons.

Give me a holler. Let me know how you balance things. How do you keep from hanging up the whole shebang and becoming a day-trader? After all, this ain't the horses; there's way too much downtime at the track.

Random musings: This Apple (AAPL:Nasdaq), which I am long, is a tough call. Could this be the last good quarter? What are they going to do with all that cash? Will the Street like it? Right now it beats me; more work ahead.