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Pastimes : Working a day job and making a profit with low capital -- Ignore unavailable to you. Want to Upgrade?

To: Richard Iglar who wrote (31)	5/5/1999 7:15:00 PM
From: Fred Davis	Respond to of 32

Hello Richard and thanks for your insight. It's been quite a while since anyone has posted here and glad to have some company on this board. I found a lot of your comments to be in line with my present strategy. I have started to invest mostly in bb's in the 1.00 to 2.00 price range and try to invest a minimum of 500 on each. I do still own a few pennies under 1 but find they are manipulated more than a position that has based at over 1. All my positions were also in the red today with the exception of one but I'm learning patience usually will prevail. I do get forced to hold some positions a lot longer than desirable but they usually will turn around at some point in time. My biggest problem of late has been making doubles on a few positions but seeing paper loses on my other positions eat away at my profits. Have thought of starting to put more money in just a few positions but realize the risk would increase dramatically. Have learned to not watch too closely. If I start to watch a position too intently I make bad decisions and panic on daytrading activity which doesn't fit my style working a day job and not having access to a pc throughout the day. I have also learned to invest in companies that I believe in and usually have confidence in my investment. It doesn't always move when I expect it but usually it eventually takes off with patience. I have been having some trouble getting back over the 3,000 mark in my portfolio. It seems to fluctuate between 2500 and 3000. I continue to try different trading patterns. I also have noticed that just when I'm comfortable with a specific trading pattern, the market seems to change. This does frustrate me but I just keep plugging. Hope to hear from you again and thanks again.