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In trading (life), success is dependent on knowing who you are, where you
have been, where you are going and how you intend to get there.
Often, the mirror is cloudy, the diary is lost, the calendar is empty and
the map is faded.
Trading is a business !
Thanks
Peyton Morgan
Editor@xxxxxxxxxxxxxxxxx
http://www.TradersDigest.com
-----Original Message-----
From: greene@xxxxxxxxxxxxxxx <greene@xxxxxxxxxxxxxxx>
To: Richard Parsons <richard.p.parsons@xxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Thursday, January 29, 1998 5:02 PM
Subject: Re: Bond investing
They certainly did like the remarks. Has a bit of a smell of a relief
rally to me though. I've had bonds on an intermediate sell for a few
days now - and I'm just waiting and watching. I got whipsawed in early
September - so I decided to watch for a few days before I sold any of my
zeros. Wonder if I got a buyback at the close of trading today?
I don't follow any particular treasury issues. I follow the tbond and
muni futures (continuous contracts) - yields on the benchmarks - the
Benham Target maturity funds - the DJ bonds - maybe some other things I
can't remember off the top of my head. I do systems - trend line work -
etc. on all of these. I think that's enough (maybe more than enough
<g>).
Managing an income portfolio is supposed to be like watching paint dry
<g>. As it is - I don't do much for most of the year (except read and
look at charts). Then I do all the buying I have to do once or twice a
year over a period of a few days - when I think the market is right.
There's an old saying - if you don't know who you are - the market's an
expensive place to find out. I've been in the markets for about 25
years now - and I know that intraday trading isn't for me (or my
stomach). About the "sexiest" thing I do is trade Fidelity Select
funds. Puts a few dollars in my pocket - and the volatility's about as
much as I (and my systems) can handle comfortably. Your mileage may
vary <g>. Robyn
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