Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.76

-1.1%

Dec 12 4:00 PM EST

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To: NOW who wrote (51525)	6/7/2013 2:23:26 PM
From: Lazarus	Read Replies (2) of 220129

The only thing I see is that its WAY low... and it will either bounce or go lower. On trades like this its easy to manage risk because I see the the low is not many pennies under my buy price and if it tanks under the previous low I just cut it loose and take the loss... which is minimal. I find the most difficult thing about trading is RISK MANAGEMENT. With these trades sometimes I win and sometimes I lose -- but at least I have a plan for managing my losses if they occur. Like most people I have lost a LOT of money failing to manage risk. WATCH THE DOWNSIDE; THE UPSIDE WILL TAKE CARE OF ITSELF.

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