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Strategies & Market Trends : Trader J's Inner Circle
NVDA 175.02-3.3%Dec 12 9:30 AM EST

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To: Mike McFarland who wrote (676)11/19/1998 1:22:00 AM
From: Mike McFarland   of 56535
 
Newbies learn from my mistakesII

part two...
If you have a stop, wait for it.
But I'm so smart I think I can break my
own rules...so ODIS rises above $5 and I
get in...I have the position and I don't
have to sell unless it sags to $4...so
why did I let it go when it sagged back
below $5 a few days ago.

Oh, so I could screw myself and watch it
start to take off.

Don't break your rules--rules are there partly
to let you off the hook, no descisions, no
emotion...you wait for your target, you wait
for the stop.

Anyway, ODIS will be one to watch now.
Sigh again...

Hope I'm not giving anybody bad vibes...my luck
come back to me. Hmm, Trader J--will it or should
I quit while I'm ahead?

--MM
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