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Re: lee kramer post# 9958

Sunday, 12/15/2002 4:01:16 PM

Sunday, December 15, 2002 4:01:16 PM

Post# of 25232
I haven't been on IHUB simply because I've trading on my own mostly the under $10 stocks like VTSS, LRCX, GNSS, NVDA ATYT LSCC). Also been doing research and real-time instruction via live trading for novice and professional traders in the Boca Raton area (which is fast becoming a breeding ground of professional traders). Short so far the first 2 weeks in December the over $30 semiconductors and the brokerages (getting ready for earnings reports). I find that 90% of traders have the skill and theoretical knowledge to trade, but don't have the emotional stamina, risk tolerance level and discipline to trade. When you spend your time teaching rather than trading, you find you lose of some the skills to actually make money trading. You might compare this with the "intern" who is book smart in "surgery" but until he takes his surgical residency and applies what he has learned, he would be lost in a real time emergency. Unfortunately I have noted that traders after they have undergone these 'seminars' are lost.

The market climate has changed, no longer are traders gullible to sign up for methodology, seminars and services that have not proven themselves during the past market decline (and recovery). They want to see "tachlis".. which is Hebrew word meaning RESULTS.. what are the teachers trading? They are tired of theories and get rich schemes for those that can't trade on their own so they 'teach others to trade'. During the last 10 weeks its been a challenge to sharpen and hone up our own skills to make money. Some of the strategies I use have morphed and adapted themselves to more profitable methods of making money in each and every market climate. Those that were not the most valuable to improve our trading were rejected.

We have had many e-mails requesting as part of the Market Gems service the following:

* Pre, intraday, and post market real time comments on actual trades

* The ability to see real time the charts that we use to make trading decisions.

* Trades held longer than 5 minutes (cut and run trades) but rather the Long Term Daytrades

* Use of both audio and the visual during the trading session.

We're still watching and waiting and trading. More than likely if January is a mostly up month, it will set the course for the rest of the year and we will be making more decisions as to our future after the January earnings report. There are lot of technological improvements for day and short term trading services and we will be watching them in the next 6 to 8 weeks to see which are just 'glitz' and which actually have their place for our traders.


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