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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (276)	1/19/1999 8:56:00 PM
From: LWolf	Read Replies (2) \| Respond to of 611

John... I have a story not too dissimilar... First stock purchase was CSCO in May of '97. Started reading reading reading everything I could get my hands on regarding the markets and trading and then tried very small positions, to get the feel of buy and SELLING. Learned very quickly that the only money was in high quality tech stocks, and how important the management of the company is to the performance of the stock. Started integration of all the news that comes from the financial magazines, subscription sites, and understanding both the equity and credit markets (big impact), and the rhythms that come with earnings and splits. The big insight for me was understanding and then trading options. After a few winners and then losers, learned to manage risk with incremental income from positions in 5-8 plays of 3-5 contracts, held anywhere for a couple of days to several weeks. Another tool that seems to have made a lot of difference is IQC realtime charts... they're like a view into the markets; without them I feel blind. Nothing special for trading, accept a very reliable source: Fidelity. I've grown a portfolio by ~200k since October. Needless to say, I'm leaving the corporate scene at the end of the month. Why continue to make the CEO rich, when I can use my decisions for my own prosperity. Happy trading, Laura