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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (39723)	4/26/1999 8:59:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Hi Bill; What happened with me is I did fair picking stocks, actually got to were I was beating the indexes. However even before that I knew that most stocks acted in sympathy with any big market moves and for the longest time I wanted to make bets when the general market was not going to undo me so market timing had it's merit. Then I found time constraints didn't let me do both or at least I couldn't do both the way I thought they needed to be done. Last I keep watching that NDX and said to myself "that's" one index you haven't beat..& it's a real runner. So in march when they started trading the QQQ I shifted my focus to it , along with the spiders. It's a lot more relaxing having a "basket" & not near the anxiety of trading stocks at least for me. Also the cost of trading 10 - 20 stocks and or options is a lot more than buying a basket and taking a bet on 50 or more with one $12 commission. But I do think a person has to find what works for them and one size don't fit all people. I'v lost interest in picking stocks, but every once and a while one will still catch my eye. Thing is it seems if I start tracking it then my sector abilities fall off. So it's a time thingy and with to much looking around I can get too much in my hand to get it out of the cookie jar. I haven't got that darn QQQ down pat as well as I want to as of yet, but that's my main goal. It and the DIA, after I get real comfortable with them , then I'll move on to the option part on them , they do have options, but I'm positive one needs to be dam good at trading the underlining issue before using that kind of leverage as options do have in a heavy premo that can eat you alive if your not right. As it is I can leverage 50% with out a big premo. and on the short side without any as long as my short account stays in the black. Jim