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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: croonerjim who wrote (47735)7/1/1999 6:50:00 AM
From: lee kramer  Read Replies (2) of 120523
 
Croonerjim: I like (and employ) Jenna's "Holy Grail" post to you. In fact, taped to the bottom of my screen is a note to myself that reads "never forget the bad times" and underneath it my sidekick Suzy wrote "Go with your gut!!!". We gotta listen more to the good women...in many ways they know FAR more than we do. One strategy I use you might find helpful; Say I buy 400 shares of NITE at 51. It moves up nicely to 60 in a couple or three days. If I sell all 400 I've got a nice trade, but if it keeps runnin I may get a bit annoyed for pulling the sell-trigger for no reason other than fear of losing what I've gained. Or if I think it's gonna keep runnin I may not sell. So what I usually do is sell half, hold half. If it runs, I'm still in half. If it drops back and the technicals look good I've got the option to re-enter. For me, it's a way of overcoming the "psychological" stuff that often gets in the way of smart trading. And because I'm a trader, not an investor, it helps. I never take the "full ride" for the most money. But that's OK for me. (Lee)
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