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To: * Thumper * who wrote (1177)2/26/1999 6:26:00 AM
From: Norms  Respond to of 2136
 
Very wise words and excellent trading strategy. Congrats and your new diploma from the school of hard knocks is waiting for you. As time goes on, everybody adopts a trading strategy that works for them. I have used it many times myself.

I learned another great one from Malcolm Lindsey who can usually be found at FNTN or MSN among other good ones. It goes like this. You have two positions in a stock. One for trading and one for long term. As you successfully trade your short term position you are adding to your long term position which before you know it has a zero cost basis. Who wouldn't own a chunk of shares of a company they believed in for zero cost?

Happy trading and happy investing.............Norms