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Just meant you are handicapping yourself in this environment, by looking for long only..that's all I meant. If you are very patient then it's possible, but face the facts, the prices have been going down for most things in the past 3 years, not up. Last week notwithstanding.

Just rallied 16 points..is that enuff? Can't have X-mas all the time you know.

Yes if you are beginning, which I am assuming you are. Recall that specialists and MM trade only a handful of stox, you can do same. Best, David

It's an incredible effort, and an ever-changing one at that. Right now, a good start would to be to pick the leading stock from each key sector (BKX, XBD, SOX DRG, HCX, CYC, MSH, RLX..etc) and just trade those for awhile to get a feel. Another good idea is to sort your fixed indices and...

Cramer's cut his entire teeth on the greatest bull of all time. That's why he got 2002 entirely wrong. Only in 2003, did he get more defensive, and so what he called this one...we went from SP937 to SP 790 (the now "dirty bottom"; and we've rallied a 100 points. So now he's right once...

Well it is a bear market, so you should make out OK til your last trade! No? Good trading, David

Coulda been short EXPE from 39 like my trading pardner :eek: I though he was gonna croak! Best to all David

If you look at all these crescendo sell-offs and subsequent V moves, and talk of bear market ending rallies..then 25% lo-hi is your standard move 9/01 945-1180..25% 7/02 773-966...25% 10/02 768-953.. 25% 3/03 789-986..25% (???) Will it happen again? Find out soon enuff...

It's just another rally; like the 60 or so we've had since 3-00. Markets cascade..idiotic dumb shorts press the downside, the buyers show up on schedule; scare said shorts..etc etc etc. Ho f-ing hum.. the Bear is getting predictable. Here we go again...tiring really. Sit at your turret...

Yes read it somewhere, and def. true. The guy had a 400MM fund, was staked by Marty Peretz to the tune of 500K, and made out like a bandit. He cut his entire existance in the biggest bull of all time, why do you think his recent pix have been for shit? He's never seen a mkt like this...but...

Cramer's personal net worth is 100MM; wish mine was. Love him or hate him, he was in the right place at the right time. He's further ahead of the curve than most of us will ever be. Best, David Though I loathe Kudlow's perma bull attitude, if that's true, I feel real bad for that...

How did you get the 100K together the 2nd time, if you don't mind me asking? Will understand if you don't want to answer. Or PM. Best, David

Agreed. Trading is hitting singles with a few homers throughout the year. All adds up in the end, especially the singles. Good trading

Well my brother-in-law who's at UBS/PW is none to happy to report that the std fee of 1% fee of assets under mgmt, is now being whittled towards more like like .66%. Talk about a margin squeeze. From talking to my Wall St. contacts, the Street is in critical condition. Even my old...

Look, days like this are hard for day traders..people positioned for something like this did well no doubt..but as a DT sometimes these days are the worst for you always think don't chase, wait for better entry etc. And it doesn't happen. The point being do not beat yourself up for not...

The other flag to me is when one approach just gets too easy. Be it long off the Oct lows, or short the early 03 over-enthusiam. Just my .02. Best, David

That's not exactly right. Today WAS profit taking! Too bad for the average investor, CNBC never explains it that way.

Conjecture and trading are two differnet things, for some tuff to separate, for others just a goof to guess what's happening. Nothing more.

YES corn..the trading day on most days is over by 11:00 AM EST anyway, today's late rampage notwithstanding! What Fast Food uniforms do u like the best? That's what I am debating now. Nathan's seems to pimpish to me. Any suggestions???? GNite, David