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Alias Born 07/08/2002

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Tuesday, 12/31/2002 1:02:43 PM

Tuesday, December 31, 2002 1:02:43 PM

Post# of 704019
HAPPY (AND PROSPEROUS) NEW YEAR EVERYONE!

Reviewing 2002: Overall return on my portfolio 71%, average gain/trade 3.4%.

I only trade Long, prefer stocks under $15/shr (preferably under $5), I trade the PMs and trade them often (to quote Richard Mazzarelli on S.I.) and overnight holds still work well for me (buy below previous day's low, sell next day in first hour on gap up), though the risk is increasing. Rarely hold longer than a day or two. Find DODs (Disasters of the Day) lucrative to trade, but had to learn (got missing fingers to prove it) to let the falling knife hit the floor before jumping in!

Biggest trading problem? Selling too soon, leaving bulk of gain on the table.

Best lesson learned? Buying at the right price (a daily OB) is key to making profits and lowers risk/stress in the trade.

Best lesson learned from watching Zeev trade? Honor the S/Ls -- one can always buy the issue back at a lower price later. THANK YOU, ZEEV!

This strategy works well for me for now. Ready to change/adjust it as necessary.

Best trading to all in 2003!

Newly


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