DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Teresa Lo who wrote (2940)	8/17/1999 8:32:00 AM
From: Dotty	Read Replies (2) of 18137

Situation: I Top Bot a stock in July on it's second day run-up (in this case FFIV at 77 7/8). It goes up a point or so & immediately plummets... It continues to plummet with the rest of the market, with me hanging on hoping it's going to come back... I finally dump it, way too late on the way down... It drops to 29! & starts back up... It hit 63 yesterday... Question: Is it a very dumb thing to climb back on & ride it back up to make some of my losses back? Admittedly I have a big problem with Top Buying, from lack of experience & lack of familiarity with certain chart patterns... I'm working on this at the moment papertrading & reading up on patterns... tia Dotty

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