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Re: secureresources post# 6542

Friday, 12/31/2004 11:31:37 AM

Friday, December 31, 2004 11:31:37 AM

Post# of 7045
OT,SS: You give me way too much credit pertaining to trading. I have made and lost money in the market for many years now. I had enough wisdom and savy to guess the crash in Oct of 88 and saved a lot of money that I would have lost otherwise. I made a lot in the 90's and tried to guess the downfall again, due to I thought the bubble would burst. Well after sitting on the sidelines for 6 months and everyone that I knew was still making money in the market, I jumpped back in slowly. After several months of testing the waters some more, I thought maybe I was wrong this time. Something told me to stay out, but the gambler in me jumpped in with both feet. It cost me well over a half a mil, before I could stop the bleeding. I then went back to trading on my gut and the good basics of trading again, most of the time. I have been very lucky the last 4 years on most of my picks and others as to where there have been more gains by far than losses. I would have done even better, but human greed has stepped in the way several times. After trading for over 30 years, I still learn something almost every week. There aren't many things that surprize me anymore in the field of trading in stocks. We have to contend with crooked CEO's, MM's, cooked books,false PR's and still we call this game investing. To me it is pure and simple gambling no matter what stakes you play with. We try our best to get an edge up to make some money against the heavy odds of Wall Street. Unless you have an inside sourse of info, then we are last to receive it and do the best we can at that time. I have learned to go with the punches and not carry the stress I used to, whether I make money or lose some on any play. I also try not to live on the computer day in and day out trading stocks. The last several years has taught me to try and have some fun trading, because I know there will be good days and bad and that is the nature of the beast plain and simple. If you stay trading stocks, then it is no different than life itself. There will be peaks, plateau's, valley's and deep valley's to contend with. I try my best to stay within the area of the plateau's by using percentages in my favor that are available in life as well as trading to all of us. I am going to try and make 2005 a good year with the tools that I have and try and learn more along the way. GL and best regards, Walk
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