getting ready to rock, page-16

Guys,

You need to be extremely wary of the HC sentiment (LT Buy etc). While it may have some relevance to investors, it is irrelevant to traders because traders have widely different views of what is long term and what is short term.

Also, the overall mindset of traders and investors is vastly different.

At the risk of over simplifying, investors tend to have the BHP approach (Buy, Hold & Pray) and they believe that "you only lose when you sell". They seldom have an exit strategy. Traders on the other hand believe that you only make money when you sell. They regard a paper loss as real and they have an exit strategy to limit the loss.

Many call themselves traders, but when the chips are down, they think and act like investors.

Tibbs is a rare dude. He thinks and operates as BOTH an investor and a trader. So for him, there are times when it is not possible to specify a HC sentiment. And more often than not, his sentiment is going to misunderstood, particularly those with an investor mindset.

Tibbs, hats off for your patience in dealing with these questions. It's posters like you that make HC a worthwhile resource for traders.

Cheers

ST