Zeev's Turnips Patch-No Politics (ZEEV)

[Bruce A Thompson]

Realist,

I'm sorry to hear about your nest egg. At your age, it is going to be a big challenge to regain. If I understood you correctly, you are very new to the trading game. So many people are very successful at their chosen careers and then dive headlong into the stock market with little or no training. Most loose it all or at least more than they can afford. You will too.

At your age and level of experience I would recommend the following website. HTTP://www.bobbrinker.com. It will help you with asset allocation.

If you absolutely must try to regain your nest egg through trading, DO NOT USE MORE THAN 10% Of YOUR NET WORTH TO DO IT WITH.

I will recommend two books. The first is TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS with accompanying workbook By John J. Murphy. It is my "Bible" and is never more than arms reach away during the trading day. DON'T TRADE AT ALL UNTIL YOU CAN DO THE ENTIRE WORKBOOK FROM MEMORY. The second is JAPANESE CANDLESTICK CHARTING TECHNIQUES by Steve Nison.

Both of these books can be bought at Amazon.com or can be ordered at any major bookstore.

FOR WHEN THE MARKET TURNS, LEARN ABOUT DOING COVERED CALLS!

Good luck to you sir,

BT