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Strategies & Market Trends : LastShadow's Position Trading

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To: Redhook who wrote (19410)8/11/1999 3:24:00 PM
From: Susan Saline  Read Replies (1) of 43080
 
nets

the last time we had a net coeerction ... and everyone thought it was the end ....

it was not

now we had another net correction ...

and again it is not the end

I made several mistakes the last time I bot and made profits during the OCt correction

I got a few points on stocks and was so thrilled to be making money again ... that I sold for measily 2 / 3 points ... missing at least a month of potential gains ... (as I cannot chase for great fear of buying tops)

there is a common tendency to sell once at breakeven ... very bad (for me) to do, cause that is most often the new support line.

just wanted to share this learning experience
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