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Strategies & Market Trends
Trader J's Inner Circle
An SI Board Since November 1998
Posts SubjectMarks Bans Symbol
56528 473 0 NVDA
Emcee:  Trader J Type:  Moderated
Update: I'm now 57 (Ack!) and this thread was started way back in the late 90s during the .com boom! Oh the things we've seen since then.

Rather than update the text below, I wanted to leave it as much of it speaks to the legacy of the thread, my values and what I hope(d) to accomplish here on SI. Now that I'm retired, I'm starting back on the thread with the hope of getting a close knit community of individuals wanting to share objective information with each other for group benefit. Nothing more, nothing less.

My own foundation is one of values, ethics and integrity along with a lot of respect, humility, discipline and so many other things tossed in. I hope anyone who chooses to contribute here has many of the same qualities.

Good luck all!

---------------------------------------
Hello to all:

As a quick introduction, let me introduce my self. I live in the Pacific NW. I am 48, and have been actively participating in the US markets since 1989. As much as I would like to consider myself a long term investor, I am by nature, a day trader. I hold long term issues merely by necessity.

I have started this thread because of a number of requests asking for input, tips, picks, thoughts, etc. I do not believe any one source has all the answers, or for that matter, even a majority of the answers. We all have our own goals, personalities, and styles. Most of all however, their exists strength in numbers. We are a diverse people, with diverse backgrounds and careers; therein lies the power. Those that are free with their information and are willing to share openly, will do well as we gain trust in others that do the same.

I ask that in OUR forum here, that you refrain from the personal attacks and pointless, baseless hyping and trashing, that plague other boards. Allow those that share good information, research and knowledge to rise to the top and ignore those obviously have selfish goals in mind.

Not one of us makes the right decisions all the time. As a trader, you MUST accept this if you are to be successful. Following are some very important tips that I believe all traders should keep in mind:

1. It is ok to jump on a stock without doing a lot of research. I
have done this many times but only on the lead of a fellow
trader that I have come to trust. A small amount of basic, good
research can always be done. It can take less than a minute,
but will help identify what you are getting into.

2. Never blame someone else for losing YOUR money, it was solely
your decision to "jump in". Keep a record of those that
often make bad decisions.

3. NEVER get emotionally tied to a stock under any circumstance.
ANY gain, is better than any loss. And a small loss is much
better that a larger one. This may sound obvious but I have
seen many a trader and investor get caught by saying "I can't
sell now".

4. Do not get greedy. If you are happy with a result, take it off
the table and don't look back.....unless looking for a reentry.

5. Become an unemotional, trading machine. Allow yourself to learn
from past mistakes and use it to your benefit next time. You
WILL find that patterns can, and often do, repeat themselves.

6. Don't boast about gains, or deny losses. All of us have made
good picks and bad picks. A good track record and respect from
fellow traders is the ultimate reward.

7. Learn from others. Don't be afraid to admit that you don't
know ... it will cost you in the end.

8. Don't beat yourself up because of hind-sight. We all do, but
the main goal is to protect yourself from large losses and take
advantage of momentum to lock in any amount of gains. You will
often find yourself selling into sudden weakness only to find
the issue soon rising on unexpected momentum.

9. As a related note to #8, every second of the trading day
presents an opportunity to make money.

10. Work at becoming better. Do your research and homework to
discover what may move an issue the next morning.

11. Don't discount your gut. Yes, I told you to be unemotional,
but I have always listened to my gut feelings. I believe
that your gut is your unconscious telling you that you may
have missed something.

12. Understand some of the tax laws relating to trading and
investing.

13. I said it before, and I say it again: Don't get greedy!!

14. Become a member of SI. It is quite ok to "lurk" but you will
be amazed and how much more involved and successful you will
be by actively participating. Lurk for a bit, make a little
money, and the make the lifetime investment into SI.

15. But most of all, have fun.

The last thing I would like to say is that trading may not be for everyone but for an entirely different reason that you may think. Anyone can participate; no amount of money, wealth, experience, status, work ethic or anything else will preclude you from trading. They may make a difference in your success rate, but ultimately, anyone can participate. If you can't stand to see any amount of
money be lost, please do not trade. If you can't lose money, you won't have fun, and if you don't have fun, you won't do well.

I firmly believe that you will be far more successful at ANYTHING you do if you truly enjoy it.

With all of that said, lets get it on.

J.
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ReplyMessage PreviewFromRecsPosted
56528Hey all, just a quick note that my new Inner Circle sub on Reddit is closing in Trader J-January 28
56527Peltier Is Coming Home Sumterville, FL – <i>Today, President Biden grpie-faced-mutt1January 21
56526Howdy all. Hope 2025 is treating you well ... or at least better than it is treaTrader J-January 14
56525We just crossed 500 members at the new Inner Circle site on Reddit, in the top 2Trader J-12/15/2024
56524Well ... the Inner Circle is alive and well over there. reddit.com Should be Trader J-12/14/2024
56523Thanks. Almost all of what i see and know anecdotally seems positive for BitcoiMadharry-12/13/2024
56522I suppose i am looking at the wrong stuff on rddt. what I see is mostly drivel. Madharry-12/13/2024
56521I think you point out some good points, especially when using any AI program. IE_K_S112/13/2024
56520That could very well be true. I thought it was a phonetic spelling of one of theZen Dollar Round-12/13/2024
56519THIS POPULAR TV SHOW WAS USED TO COIN THE TERM "HODL" IN THE MEME STOCE_K_S112/13/2024
56518Well said ZDR. One of my favorite series of all time. Go SOUNTrader J-12/13/2024
56517OK, major spoilers ahead if you've not seen the popular HBO show Game of ThZen Dollar Round-12/13/2024
56516I am clueless other than to speculate that its something a character in SeinfeldMadharry-12/13/2024
56515Do you know what the original reference to HODL is? Comes from social media andZen Dollar Round-12/13/2024
56514LOL. Now THAT'S funny Eddie! As a matter of fact, I just posted a new tradeTrader J112/9/2024
56513RDDT hits record high today. Up from around $50 when TJ moved over there. IFast Eddie212/9/2024
56512yep 10 days ago i learned what a HODLer isMadharry-12/5/2024
56511Reddit Thread now has over 400 members. Organic growth has been going very well!Trader J-12/5/2024
56510Congrats on the purchase and hold!Trader J-12/5/2024
56509I spoke about this on my new Reddit thread: reddit.comTrader J-12/5/2024
56508 Bitcoin Soars Above $100,000 For The First Time After toying with its fE_K_S-12/5/2024
56507Bitcoin- The 100k has been reached and breached. Might be one of the seminal finMadharry-12/5/2024
56506Trump reiterates opposition to Nippon Steel's takeover of U.S. Steel X-8%; E_K_S112/3/2024
56505RIP Art Cashin. I have enjoyed and profited from his thoughts and wisdom for myFast Eddie512/3/2024
56504Good morning. This is just FYI. Message 34932909Sun Tzu-12/2/2024
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