RE: Heidi - Trading

[Guest guest]

Hi Heidi,

I've cut and pasted everyone's personal messages for Deb on one page, and

I'm going to read them to her when she calls, so long as she's up to it.

I've added your message. She's told me that everyone's love and prayers

mean the world to her.

Trading is very stressful. My husband lives and breathes the market (like

your CEO). I really didn't like the idea of day or swing trading because

I'm pretty risk aversive. But after watching the market and realizing that

I can manage my risk with stop-loss orders, I decided to give it a try. I

don't think I'd be able to work full time right now, and this gives me a way

to supplement my income. (if I start making a profit, that is!)

I agree with your CEO about there being some downward potential left in the

markets in order for them to more closely reflect their true value. You

mentioned he's not the most optimistic person, and there are some very

pessimistic people watching the market right now. My husband follows Elliot

Wave theory (which I don't like as an indicator, personally), and the EW

followers believe we're headed for deflation similar to Japan. I don't want

to believe that, but to be safe we don't have much money in equities right

now. Like you mentioned, banks don't offer much return on investment, but

they're reasonably safe. Personally, I'm looking for a little more

correction but nothing like what the EW people are predicting. As long as

we don't have another Enron or Worldcom, or another terrorist surprise, I

think people will start shopping for bargains by next year.

Trading is exciting sometimes, and when I'm out of town and not able to

trade and there is a 200 plus point move on the Dow, I'm really bummed out.

I make money when there is a trend I can follow. Many days, like today so

far, are consolidation where there is no trend to follow. Days like this

they just take out stops. But when there is money to be made, trading is a

lot of fun.

Now I'm the one who's blabbing!

I hope you're feeling good today.

Much love,

Carol

[ ] Carol

((((Carol))))

I hope those antibiotics have started to kick that infection in the butt.

Thank you so much for keeping us up to date on how Debs is doing, I wish the

news was better but we will keep praying for our Debs to be well. If you

speak to her today please send my love and hugs. I'm really worried about

her.

So you trade, stressful stuff that! I've been so tempted to give it a bash

on the Internet, but am terrified of getting " addicted " and treating it like

a casino. I get so excited watching the markets sometimes thinking of how

much I could have made if I followed this or that hunch LOL!

I used to follow more closely but haven't got the time now, working in a

bank the main thing that stresses us is the interest rate cuts as a result

of it but banks have become a safer, if not very profitable, option for risk

averse investors for the moment. I do invest in an offshore fund that is

managed by the group I work for, very depressing at the moment so I'm

definitely not going to be buying that Lear Jet anytime soon LOL! I've

invested in a US markets mixed fund and a European one to try and balance my

risk. I look at it as a long-term investment anyway so I'm not stressed;

it's bound to outstrip anything I could get from a bank in the longer term.

My CEO is an absolute fanatic and plays the markets all the time (I wonder

if he does anything else sometimes LOL!) he is a firm believer that there is

still some downward correction needed for the markets to reflect their true

value, a brilliant but not very optimistic man in general so I don't know if

he should be taken seriously.

Hopefully with all the new measures being taken investor confidence will

improve and mom and pop will venture back in and make things interesting

again.

Gosh I'd better stop blabbing!

I hope you have a good nights sleep tonight!

Hugs,

Heidi

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