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Strategies & Market Trends
Trader J's Inner Circle
An SI Board Since November 1998
Posts SubjectMarks Bans Symbol
53065 436 0 BABA
Emcee:  Trader J Type:  Moderated
Update: I'm now 53 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
53065CRWD: Earnings are out and they eeked out a surprise profit. I haven't gonTrader J1yesterday
53064ROKU: Wow. #AmazingTrader J-Monday
53063J CNBC reporting kind of put a floor and ceiling in the pricing. They confirmDon Green-Monday
53062Howdy Don, it seems news is imminent now (tomorrow) and I don't see a lot ofTrader J-Monday
53061Slack I own and am trying to determine whether to sell on Monday for a nice proDon Green-Sunday
53060WORK: Dang it. I was holding Slack for the chance it would be acquired but solTrader J-November 25
53059ROKU: Received another upgrade to $315. Nearing an exciting level for me - the eTrader J-November 23
53058Probably just talk to one of their agents to see if there's a possibility toTrader J-November 22
53057Nice! I do my trading with Fidelity. How do I ask them about this opportunity?ggamer-November 20
53056In 2009 I set up my main account as a CASH account so Schwab could not hypothcatE_K_S-November 20
53055Schwab keeps taking my holdings to lend out to the shorts. I've authorized Trader J-November 20
53054BABA: Nice move off my referenced chart today.Trader J-November 20
53053I think John Malone is responsible for part of the run. cnbc.comslacker711-November 19
53052ROKU New: Sounds like this is the catalyst for this AM's move. Solid news Trader J-November 19
53051ROKU: Wow, that was unexpected. This is one of the mornings where I didn't Trader J-November 19
53050LOLTrader J-November 18
53049TRADE: Got FSLY at $80.50. This is one I've been watching for a bit and thTrader J-November 18
53048BABA: It's one stock I've never been able to time very well and i startTrader J-November 18
53047I sold $11 Calls on 50% but have 50% free . .G. Soros Bought a bunch so not sureE_K_S-November 18
53046PTLR: EKS, you still have this?Trader J-November 18
53045PLTR: Wish I had followed you into the PLTR trade EKS. That was a GREAT entry!Trader J-November 18
53044PCG: Just wanted to bring one up. It's been catching quite of buzz recentlTrader J-November 18
53043I agree. LOLTrader J-November 17
53042DraftKings rallies after Loop Capital sets Street-high PT of $100 Nov. 17, 2020E_K_S-November 17
53041DKNG earnings are out - Was hoping for a bit more performance but, realisticallyTrader J2November 13
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