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Frank....
I have never made a blanket statement to this list that one should stop
trading and never will. I just feel strongly that one should build up
investment capital first and then do the trading. Like I said before,
trading is for fun....investing is for keeps.
For some people, trading is the way to go. More power to them. I am just
passing along my opinion which was formed over 35 years in the markets.
For purposes of clarification, I do not think the DJIA is a good measure of
the market. It is only 30 stocks and too narrow a representation. I know
nothing about MIRAT but their record sounds impressive, even if only against
the DJIA. But how about this, the ValueLine Group 1 stocks during this same
time period were up in excess of 10,000%. They are not traders but do use
momentum in conjunction with earnings.
Do keep in mind one thing please.....when I say long term investing, I do not
mean buying a stock on day one and holding it forever, which is what it
appears you are assuming. But if it is in someone's makeup to trade, trade!
Good luck....
Jerry
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