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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: e.von who wrote (5940)	4/23/1999 5:36:00 PM
From: Vegas	Read Replies (1) \| Respond to of 57584

Ever happened to you or anyone else here? THE ONE THAT GOT AWAY! Yes happens to me all the time! Just remember there are other fish in the sea... JF

To: e.von who wrote (5940)	4/23/1999 6:27:00 PM
From: Sheri Kohn	Read Replies (1) \| Respond to of 57584

Erick Hope nobody minds my butting in here, have been an occasional lurker at this site for awhile. But I just HAD to answer your post, because I recognize myself in it. In my case it was FEAR OF BEING WRONG that kept me from trading. I would put too much importance into each trade. Now, when I see a good trading opportunity, I do some QUICK dd (sometimes <gg>) and jump. If the trade goes too far wrong, I am out. But it's amazing how often I am right. All that watching the action must have taught me a little. I still keep certain positions (about 20%)longer term, but move the rest of my $$ in and out regularly, and try to always have cash for whatever is hot. It has worked well. My percentage gain has doubled since changing my behavior, from "Buy and hold" to "Do something, even if it's wrong" lol. I can easily correct my mistakes and my right picks much more than make up for them. There are still times when I KNOW something is going to move and don't take advantage. Too many stocks, not enough money! But I don't feel so bad, cuz my money was working elsewhere. Guess the bottom line for me is , to quote Nike "Just do it". BTW, some of the dd is listening and learning from folks like Rande. Thanks for some great tips. Sheri

To: e.von who wrote (5940)	4/23/1999 11:39:00 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

We have all been thru similar learning strains. . . To all: Pulling the trigger is an art, when following "gut". . . it is a science when following charts and it is a fast road nowhere when following other's advice. If you are only able to trade for 30 minutes during the day, yet you wish to call your own shots, then don't make plans for evenings or weekends, if you want to pick winners. It takes many many many hours of reading and digging and thinking. . . not about one stock. . .but about all of the stocks. . . there is no way to truly evaluate CPQ, until you have studied DELL, HWP, IBM, etc. Then you must ask yourself what your time frame is and your risk tolerance. Jumping into EXDS is a dreadfully dangerous move. In a matter of hours, it can move 20 or 30 percent in either direction. As a swing trade, you had better be picking the right entry point. But if you are buying these stocks for the long long term. . .then you must not sweat the moves.. . first you pick your stock, then have the courage of your convictions. . .and make sure you buy as low as is possible. . .then don't worry about it. Swing trading part-time, can be bad for your health. Daytrading part-time, while at work is just plain suicidal. Position trading is the best strategy for working folks. . . take days. . weeks or even months picking just the right stock. . . then once again, have the courage to buy when nobody wants it. . . then wait. My first buys of TUNE were one year prior to its run up 11 times the value in 2 days. BAMM was held for 3 months before it ran from 2.75 to 47. SIEB was held for several months before going from single digits to 70. When your stock has fallen 50 percent and several months pass and nobody is discussing it, can you handle that.. . as you wait for the "big day" . . . and sometimes that big day never does come, but rather the company gets bought out at a 10 percent premium after a 50 percent decline. If it was easy we would all be filthy rich. But making money in stocks is more like a gang fight than picking items off the supermarket shelves. Are you ready to fight the next guy to get in low and when your stock is soaring on enormous volume, will you sell and take your profits. . or do you think there is more? In your case, I suggest making a plan and sticking with it. . . place your limit buys and limit sells. . . if you don't get your price, then wait. . . you may even want to place stop orders to keep yourself from losing too much, while waiting for gains. Trying to get this mutual fund together so that we can benefit from the power of a large basket of high-techs and internets, rather than have lots of cash in one or two stocks. . . this will be great for working people. Will advise. Erick, hang in there buddy. . . we all make silly trades now and then, hopefully after a while, the good ones out weigh the silly ones. Rande Is