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Strategies & Market Trends
Trader J's Inner Circle
An SI Board Since November 1998
Posts SubjectMarks Bans Symbol
55911 471 0 SNOW
Emcee:  Trader J Type:  Moderated
Update: I'm now 54 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
55911Yes you, Always thought it was 'Joe', sorry Jeff. Market presents a neE_K_S-October 20
55910OT: Iceland: I'm back from the land of fire and ice. Wife and I took a 3 1Trader J1October 20
55909Hey there EKS - Just want to make sure you are referencing me when you mention &Trader J-October 20
55908Hey there Kate, good to see your name pop up. There are threads that are still Trader J1October 20
55907I was wondering the same thing. Many of the stocks that Trader Joe follows haveE_K_S1October 20
55906Hello Trader J, Are you still actively day trading? I've been away for a why2kate-October 20
55905RE: American Eagle Outfitters(AEO) AEO +3% new recovery high; broke abE_K_S-October 17
55904Good to see you ZDR. While frustrating, I like the market's action here and Trader J2September 16
55903I was going to post this on Thursday after reading your take, but Friday's aZen Dollar Round1September 16
55902Disappointing Fact: I looked hard at TSLA not long after the IPO when it was at Trader J1September 14
55901Fun Fact: An initial investment of $10,000 in TSLA's IPO would be worth a whE_K_S1September 14
55900AMZN/GOOGL: Both hit new 52WH today showing that old tech leadership is still alTrader J-September 14
55899I am avoiding all retail and apparel companies. there are numerous anecdotal waMadharry-September 11
55898Closed out my RTX & took a little SJM off the table; Do not like their $5BiE_K_S-September 11
55897SJM/RTX: Strongly considering adding to both of these positions in my Bridge inTrader J-September 11
55896TRADE (Bridge & IRA): NVDA - Just a fun little short term trade on confidenTrader J-September 11
55895TRADE: (Bridge Long) - Added to AEP at $77.29. I've held this position sinceTrader J-September 8
55894TRADE: (Bridge Long): Doubled up UPS at $162. 4% dividend and I had been waitingTrader J-September 8
55893TRADE (Bridge Income): Doubled up my WBA position at $22. P/E and income look sTrader J-September 8
55892TRADE (Bridge Long): Out ROKU at $82.36. This has been a long term hold for me Trader J-September 8
55891TRADE: Trimmed ABNB position by about 15% at $143. Nice pop today on S&P incTrader J-September 5
55890BX: Also joining the S&P. BX is one of my core financial holdings, primarilTrader J-September 5
55889ABNB: To be added to the S&P500. Shares are on the rise. 52WH is $154 or soTrader J-September 5
55888thats a nice position to be in.Madharry-September 3
55887Cash Position and Portfolio Strategy: In the primary account which makes up mostTrader J3September 1
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