Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	6/2/2001 2:40:33 PM
From: Michail Shadkin	of 6873

Averaging down or up - my rules and thoughts I almost never average down on long plays. Unless I absolutely in love and willing to marry:-) Stocks fall for a reason, often not a clear one, especially initially. I dont like investing more money into a loser. I just dont like looking for winners out of my losers. I like having the law of gravity on my side, not against me. Once a stock is broken, it might never come back and go much lower. Never let a trade become an investment. Averaging short plays: There are 2 kind of short plays for me, big difference. First, the trading overvalued short, the kind I would play with a stop loss. I never average up on these. These are very short term plays. I even take much larger initial positions with reasonably tight stops. Second, the total pos overvalued no business plan short. I rarely use stop losses here. I usually start these with 1/2 position after some pump and actually hope they go higher, so I can average up. On new additional shares I usually take profits much quicker to reduce my initial cost and then average again. These are longer term plays. traderpulse.com Michail

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