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Strategies & Market Trends
Trader J's Inner Circle
An SI Board Since November 1998
Posts SubjectMarks Bans Symbol
56202 474 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

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.

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ReplyMessage PreviewFromRecsPosted
56202TRADE: Out PLTR at $21. Bad entry on a failed thesis. Taking the loss and buildiTrader J-7 hours ago
562015/23 AM Action and notes: Outside of the pure AI trade, the market is looking a Trader J38 hours ago
56200NVDA: Hit $1,000/shr. AH and I could see this being a point of push/pull for theTrader J-yesterday
56199If nothing else, the split should buoy price action if there was a negative cataTrader J1yesterday
56198I'll be adding more tomorrow. The 10:1 split is perfect timing. This compaLou Weed-yesterday
56197I go back and forth with Stephanie Link. I find her style annoying but I try to Trader J-yesterday
56196NVDA: 10:1 stock split which looks to be effective on 6/10. Still muted AH actioTrader J-yesterday
56195Great results. I'm long also but in NVDL. I'm also in FNGU which is a Lou Weed-yesterday
56194NVDA: Another incredible quarter for my largest weighted holding. Up nicely AH bTrader J-yesterday
56193SNOW: Earnings report looks pretty good. I haven't done a deep dive but revTrader J-yesterday
56192I like Tom Lee also - best hair in the business LOL. You know ... I agree.Trader J-yesterday
56191I'm from Ireland originally so I get a lot of "where are you from"Lou Weed1yesterday
56190Good summary - I'm totally with you on the morning crew. I feel sorry for pLou Weed1yesterday
56189Yeah, I keep it muted most of the time and sometimes just close it down. the onlTrader J2yesterday
56188I see it differently. I leave it on in my office in the background with the volLou Weed1yesterday
56187Yes, and I've been stunned at the lack of knowledge across the board. I'Trader J1yesterday
56186Yeah, it's a dangerous game when we bring up politics to any degree. I do haTrader J1yesterday
56185I don't necessarily agree with that, though you do have to pick and choose yTrader J-yesterday
56184That goes along with the fact that a large percentage of Americans are very uninZen Dollar Round3yesterday
56183"Inflation Creates An Illusion Of Wealth" - Peter Schiff Blasts Biden&E_K_S-yesterday
56182My advice on CNBC.....only to be watched with the volume on zero.Lou Weed-yesterday
56181Not trying to steer this great thread towards politics, but... another troublinFast Eddie-yesterday
56180Harris Poll: VERY interesting developments with the recent Harris poll results. Trader J2yesterday
56179Financials: Greetings from Yellowstone. Every year we make an extended visit toTrader J4Tuesday
56178VCSH: I am slowly starting to rotate out of my money market cash position which Trader J1last Thursday
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