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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Herc who wrote (5136)11/2/1999 10:30:00 PM
From: Dave O.  Read Replies (1) of 18137
 
< but selling a stock just because it's going down is, often, the silliest thing in the world >

I may be wrong, but some of your posts suggest you may be more of an investor than a trader. If so, that's a totally different situation. For me, as a trader, my capital is my most precious commodity. If I am wrong in a trade I must admit it and move on quickly after taking my losses. I can't sit waiting for a month or two for a stock to rebound. As a trader I need to make money on a daily basis to pay the bills etc. and taking losses is a part of the game. Those that are stubborn and refuse to take losses wash out as traders. They have virtually no chance to succeed longer term.

Dave
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