Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 176.02

-2.7%

11:49 AM EST

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To: Canuck Dave who wrote (18583)	8/4/1999 5:13:00 PM
From: Trader J	Read Replies (1) of 56535

CD: I personally got hammered today... made a very bad decision to take a stand .... and in doing so broke discipline with CNET. Buying and holding, and watching it tank. My long positions all did terrible as well. Discipline is so very important, and a trader cannot afford to forget it even once. With the money that I have recently pulled out of the market for the house we are building, coupled with today's losses, my ability to rebound quickly is in jeopardy. But.....this is the wrong time to go to the sidelines solely and not keep your head in the game....you must trade your way out of it once we start moving higher. That is important to remember, the market does not move in just one direction. Find the quality issues that have corrected the most, and trade back to prosperity. Have been through that many times in the past. J

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