At 08:31 AM 4/17/00 -0400, Gerald Oskoboiny wrote:
>I'm not the only one, this guy on raging bull's boards made and
>lost a fortune:
My mistake was to _finally_ get into QQQ (a NASDAQ index) at the wrong time.
I thought tech stocks were way over-valued, but I've been saying that for 18
months, and the prices just kept going up, so I finally do it (figuring yes
they'll be a dip, but I'll ride the continued rise before the dip), and
wammo! But I'm not too concerned. Most of the NASDAQ 100 companies will be
around and doing well a year from now, and I can hold long for that length
of time and longer. So it's kind of annoying, but you got to take the long
view.
My only speculative stock (a bio-tech) that tanked, tanked big time, but I
didn't have that much money in it. This has encouraged me to be much more
disciplined in doing research and analysis when buying, instead of some of
the gut decisions I was doing.
>
http://www.ragingbull.com/mboard/boards.cgi?board=CMGIOT&read=86476
>> By: zen_warrior
>> Reply To: None
>> Monday, 10 Apr 2000 at 3:41 AM EDT
>> Yowzers... I made over 1,200 trades last year... much more than I
That is insane. I heard one of the Gardner's cite a study that 80% of day
traders LOSE money.
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Joseph Reagle E0 D5 B2 05 B6 12 DA 65 BE 4D E3 C1 6A 66 25 4E
"Life shrinks or expands in proportion to one's courage." - Anais Nin