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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (11449)	3/25/1999 9:06:00 PM
From: John J H Kim	Read Replies (1) \| Respond to of 43080

Something worth printing out and taping next to your screen: HABITS OF SUCCESSFUL TRADERS 1. TAKES A POSITION ONLY WHEN THEY BELIEVE THEY HAVE AN EDGE. 2. ACTS FREQUENTLY ON INITIAL INSTINCTS. 3. IF THEY FIND THEMSELVES HOPING OR WISHING, THEY GET OUT AND GO ONTO THE NEXT TRADE 4. THINKS INDEPENDENTLY! 5. DOESN'T GET MARRIED TO A STOCK OR A POSITION. 6. RECOGNIZES THAT EVERY SECOND OF EVERY MINUTE THERE IS ANOTHER OPPORTUNITY TO MAKE MONEY. 7. WHEN LOSING MONEY IN A POSITION TAKES THE LOSS QUICKLY. 8. DOESN'T LET AN EIGHTH GET IN THE WAY OF THEIR TRADING. 9. ASSUMES RESPONSIBILITY FOR THEIR ACTIONS. 10. TRADES SMALLER WHEN THINGS ARE GOING BAD. 11. TRADES BIGGER WHEN THINGS ARE GOING GOOD 12. STUDIES REASONS FOR SUCCESS AND FAILURE. 13. DISCIPLINE! DISCIPLINE! DISCIPLINE! DISCIPLINE! DISCIPLINE! 14. BUSINESS PLAN

To: Dave Shares who wrote (11449)	3/25/1999 10:31:00 PM
From: Copeland	Read Replies (2) \| Respond to of 43080

Watch list for tomorrow, 3/26/99. I'm going out of town tomorrow, so I'm not trading a thing. As for my open positions, my wife will be handling them. Needless to say, she's beating me hands down on YTD performance, so I know they'll be in good hands. ;) Not surprisingly, all buy signals on the nets (28 of 'em) and no shorts. However, if the futures look pretty bad tomorrow, I advise that you spend a little time watching and not jump the gun; if you really have to trade, as John Kim wrote, keep it small. Here are the filtered issues, with neural net generated entrance points. Like last time, for entrance points go A or B, whichever is higher. AU -- Long at open + 1/16 or 19.034, whichever is higher. C -- Open + 0.434 or 60.326 CLX -- Unable to devise acceptable entrance point CUBE -- Open + 0.341 / 18.259 EDS -- Unable to devise acceptable entrance point THQI -- Open + 0.465 / 17.36 CHD -- Open + 0.186 / 39.122 KSS -- Unable to devise acceptable entrance point MMC -- Open + 0.248 / 73.16 And the Internet play of the day: TGLO -- Continue long. Short at open - 0.31 or 52.39, whichever is lower. I agree with Dave Shares, gold stocks are starting to look good (AU, Anglogold, even popped up on the list today). However, remember that gold is perhaps the most manipulated commodity out there right now -- as many traders found out a few weeks ago, the price of gold can turn on a dime.