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Re: Banks post# 3211

Friday, 07/22/2005 5:06:16 AM

Friday, July 22, 2005 5:06:16 AM

Post# of 92056
Banks, Whether selling is good? The best I can figure: if it's green it's good. Greed will get you. I suppose it's better to take some and move on. Fear comes in when we see a dip, and can't tell if it is just a dip or a trend. If I feel good about the "funnymentals", fear is more tolerable and I can come out higher. Sometimes the info just doesn't make me feel comfortable about holding into a dip.
I continue to do well. My year-end levels continually rise. It's a lot better rate than the savings account at the bank.
25 years in mutual funds did nothing for me except build a base for me to start trading. It was depressing to contribute money every month and see the value of the mutual funds less than the beginning of the year plus the contributions.

Just some random thoughts on the trading experience - JMHO.


Andy