Zeev's Turnips Patch-No Politics (ZEEV)

[zab]

I remember working one night and one of my associates came in after making 10,000 in a single day on a two hundred share trade on a stock that climbed 50 points. I was so excited for him, my first words were you took the money. He said yea I took your advice and sold, but he was angry, what happens if it goes up another 50 points tomorrow. I then turned to him and said now pay off that loan you took out on your house to day trade. That he did not do, it also said he was going to quit and daytrade full time.

He lasted just a few more months, he also ended up losing his home waiting for those stocks too come back up. I knew then that we had reached mania state, but I was scheduled to transfer to Chattanooga and I took my profit and bought myself a nice home, rather than live in that small condo in Florida, best move I ever made.

There were many stories in those days of 5,10, and 20 point moves, dam that was fun.