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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Alohal who wrote (122347)	5/4/1999 11:54:00 PM
From: GRANOLA	Read Replies (1) \| Respond to of 176387

ALOHAL - you are right on! and i am working on patience even still...i would be a LOT more successful...but i think some of the most successful "traders" are those with somewhat compulsive tendencies...which usually comes along with the "guts" to handle mkt volatility (alias, a trader's best buddy)...but my best buddy is donnie :)

To: Alohal who wrote (122347)	5/5/1999 12:02:00 AM
From: Venkie	Respond to of 176387

good job...explaining..i am holding yhoo..aol..bids..lots of extra dell..waiting for my price to come so i can take the profits..dell is my true long position..plus a couple of hundred shs of xyz

To: Alohal who wrote (122347)	5/5/1999 1:27:00 AM
From: Dalin	Respond to of 176387

Hi Alohal! ****OT******* You make some good points. Patience......ah, but today, if I was not patient, I would have been richly rewarded. Yesterday, and a few days before, the same. Day trading, like gambling though, is a foolish game! Fun and exciting, it wears at you like the hardest day at work. It rewards you like the best days at Vegas. But, most are greedy and never leave with a profit. I speak from experience, because I love the anticipation of that next card. The thrill of the chase! The lure of easy money. Its like the worst of addictions, the best of vices. I guess I'll never be free of it completely, but owning a piece of Dell makes it easier. Wow, did I say that? OK, last Corona!<gg> Best to you! D.

To: Alohal who wrote (122347)	5/5/1999 8:09:00 AM
From: nolimitz	Read Replies (1) \| Respond to of 176387

Excellent post for clarification on day traders vs. short termers. nolimitz

To: Alohal who wrote (122347)	5/5/1999 8:40:00 AM
From: Ex-INTCfan	Read Replies (1) \| Respond to of 176387

Re: Day Trading. Alohal, excellent post. I believe you are onto something here. While I mostly buy and hold, I allocate a small portion of my funds to the strategy you suggest, which I don't consider to be day trading. I look for fast moving, quality stocks that have been hit by a market downdraft. If/When they get far above their 50 day moving averages, I hold my breath and sell. I've done this with success with SEEK, XCIT, and RNWK. The only drawback to the strategy is I leave a lot of money on the table, but if I get handed a 50% to 100% gain in a short period of time, and a stock is far above its 50 DMA, I get out. I roll some of the profits into long-term holdings such as Dell, MSFT, and CSCO. If upward price movement is steady, rather than quick, and continued good news is coming out, I'll do more investigation and consider holding a portion long term. One additional note -- I've found it most helpful when buying one of these fast moving stocks to determine the price at which I would sell within the next few weeks, and place a sell order for that price. Often the intraday movements are large enough for me to get out, and I don't have time to follow the price movements throughout the day. This also protects me from getting greedy and waiting too long to get out. I allocate approximately 20% of my portfolio to this strategy. INTCfan