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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dotty who wrote (2942)8/17/1999 8:48:00 AM
From: Eric P  Read Replies (1) of 18137
 
Dotty:

Question: Is it a very dumb thing to climb back on & ride it back up to make some of my losses back?

I think the key is for you to decide how you want to trade. In other words, short term versus longer term, and what strategy you want to try within your selected time frame. If you are trading in a very short time frame, then you should never ride a stock lower for a week or more. Get out quickly if it goes against you.

In any case, assuming you have decided on some kind of trading plan or strategy, then stick with it until your experience tells you it needs to be modified. IF the same stock, FFIV, meets the conditions of your trading plan a second time, then by all means, go ahead and enter another position in the same stock. But this second trade should be totally isolated and independent in your mind from the first trade. They are unrelated.

Good luck,
-Eric
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