On Fri, 10 Jan 2003, Jordan Hayes wrote:
> My personal trading style can be summed up like this:
>
> - Get an idea; no ideas? Do something else.
> - See if it's actionable; it's not? Do something else.
> - Determine tax advantage; choose account appropriately.
> - Enter position
> - Change my mind about the idea? Exit position.
> - Underlying factors leading to the idea change? Exit position.
>
> "Holding" (outside of continued support of the idea) in this scenario is
> just dumb and leads to disproportionate risk-adjusted losses.
>
You know, if you translate this from econospeak to English, JH sounds like my mom explaining why she likes to play the slots at the nearby Indian casino.
Miles