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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (792)	11/3/1997 10:27:00 PM
From: ojai	of 12617

irby- I agree, the one thing I stick to is SELL THE LOSERS. I give them 8 to 10% leeway on the downside, and don't get emotional about it. I don't always use stop loss orders, because it seems to give the MM's something to play with. But I get out when I hit the downside target. The most valuable thing thing I've learned, I think, is to cut the losses and preserve my capital. GeneM is right also about selling 1/2 the position when hitting the upside target, then letting the rest run. I have more trouble with that one. I tend to look for 15-20% and sell the whole lot, and go on to the next one. Good trading- Tim

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