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Replies to #266 on Sector Investing
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ReturntoSender

07/04/03 5:26 PM

#269 RE: Sultan #266

>Do you think you are getting returns appropriate to time and effort you are investing.<

There is no wasted effort when something new is learned. Just read a great quote from Albert Einstein at lunch. I believe it goes like this;

There are only two infinite things, the universe and stupidity, and I'm not sure about the universe.

Basically this thread and everything I write is an exercise that is unfolding as an effort to do away with my own stupidity while learning how to improve my own investment returns. Once I am more certain of my own new found abilities I will expand my trading to larger positions. At that time I hope the financial gain will also be as greatly rewarding as I find the effort along the way.

I have lost a small fortune investing without a clue in the past. I'm a pretty smart guy though and a tough competitor. I rarely give up on anything until I know enough and have had enough success to want to try a new challenge.

But lets face it stupidity is infinite and ignorance is no excuse.

I've been stupid. I've been ignorant. I don't want to make the same mistakes anymore.

That's why I am so cautious.

I am currently trading out of only one small brokerage account. It is up 36% so far this year. I do work full time. I am self employed so I have the freedom to trade without anyone looking over my shoulder. I just can't watch my trades every minute. I am getting closer to implementing a system of limit order trades that should make it less necessary for me to watch my trade as closely as I do.

If I do this I'm thinking I will be posting entry and exit positions in advance of my actual trades at Silicon Investor on the Full Disclosure thread. This should work well for stocks like AMAT that trade so many shares daily.

I see no reason why it cannot be done for at least some of my trades. If we were talking about smaller float stocks then forget it.

This thread is allowing me to look at investment possibilities in other sectors as well as technology. I am adding commentary from sources that have offered tremendous insight into alleviating my ignorance. In addition I have my charts of sentiment indicators which influence market direction both short and long term.

So if I don't ultimately profit financially from what I'm learning here at least I am learning. I am now more willing than ever to trade either long or short to generate short term gains. If the market ever moves back to an oversold status then I will go long medium to long term.

That is where the real profits will be generated.

RtS