Yet another way to trade!!!!

My trades by Michael Catolico - excerpts from a message response to
others in compoundstockearnings yahoo groups.
The thread is titled "bunch of stuff" posted on 11/12/2006.
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i don't approach the markets the way i've been challenged here. i don't
enter a position by finding "a good stock" then tossing on a few options
to enhance that investment. i trade reactively to the markets in a
dynamic, provisional way. i do everything i can to NOT have an opinion
on what a stock or the market will do. with every trade i essentially
enter it randomly, completely neutral and assuming the trade will fail.
then i try to extricate myself from the mess i've gotten myself into and
somehow make money with it. i've been an active participant in many
discussion groups and have worked through and discussed many actual
trades - winners and losers - i've made. but mostly the point has been
to illustrate some principle or other that i've learned and not to show
someone "how to trade like me." i'm not going to toss a trade out there
just to show how good or bad i am. what's the point of that when i
consider that success lies with the individual trader and has nothing at
all to do with the strategy or advice behind it. if i say buy abcde
stock someone could follow that or take the opposite position. either
way, it's not the original opinion that makes the money. it's what's
done with the trade that counts. both traders could win or both could
lose following or going contrary to my "advice." unless they follow in
lockstep with each of my moves, the winnings or losses experienced would
have nothing to do with me.

folks on this list give a lot of their research and work effort. some
might find some poster's theory about a stock's technical momentum or
fundamental value of some use. what i offer is a sober look at risk. if
people don't find that perspective of any value it's easy enough to
simply hit the DEL key on any of my messages.