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General : Important Stuff on Fed and Rate Cut View All Messages
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Recommend  Message 34 of 38 in Discussion 
From: MSN NicknameFrankyB_Is_Back  in response to Message 31Sent: 12/20/2008 3:43 PM
Marcro..PS if you want to delete me..Go ahead..The Boards are going bye bye anyway in 2 months..
But If  you  are here to excange advice ect.. I can deal on that level.
#1) the custondian Account I said =you miss what I say/think.
Yes, I mostly  followed the broker's "Thinking" at 12-14yr but made more  and more Decisions as i gained knowledge. . He was with a OLD School Firm in Balto) Alex Brown & Sons.He was also a personall friend of Family.Took a personal interest in teaching me about the Market. (said it was great to see a have a 13 yr Old have interest in   Investments.) Back in "the good old days,before Legation Nation,things like that  could be done  (verbal OK).yrs. Also back in the "good Days, even  being under 21, you could go to the local Bars,if you were with Regulars..Again..NOT like  the  "sue everyone..I was verey lucky to have both a father +Broker friend taking a hands On Interest in my Love for  Market and Business as I lived the teen . I to this day Owe Both  a Lot for my sucess.
I have always said..VERY FEW can DO what I do..Market 24/7..VERY FEW can have my sucess or Even Knowledge....YOu have to have a REAL Love..A total Passion for the Market..SO YES I am saying That I am probably Above most here..thay is REALITY .Like we would all be  behind getting on a Football Field ,Basketball court with  any NFL and NBA guy..
also YES I have a Huge ego..YOU need that to be a Sucessful Trader
 
#2..I am Now  35% in Cash.lately (in this type of situation we are in,Cash is 30-40% (selling at top of Trading range DOW 9,000,rebuy towards  DOW 8,000.PS  Options play a hug(E) Part. options that expired  today(Sat) will increase Cash% as I write new Ones  mon-wed..
In normal Market times, I range from 10-20 % Cash
 
Finally..
Franky- forgive me for thinking you were under 20 years old.  i don't normally get called "Microbrain" by someone who is old enough to join AARP
Again , my Unoradox thinking and Lifestyle.. AGE is  inmaterial to me and my Circle..AGE is zippo ,it is all about your thinking..
Sure being in low 50's is now AARP (i have never joined) but I have not joined that group..Vegas is a Big plus..Besides the Casinos, 24/4 Bars and  many Swinger parties (if you know what they Are).. I have no timefor  AARP..lol
 


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     re: Important Stuff on Fed and Rate Cut   MSN Nicknamemacroscopic  12/20/2008 7:37 PM