TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (13413)	1/24/2000 11:39:00 PM
From: Mike Sawyer	Read Replies (1) of 59879

Mark, I think the digital pager is the way to go for sure! You will be able to relax a little more while still having increased control over your intraday situation. Tell your wife that taking a loss is not personal...just natural. I think it was Frank...or maybe Pat...that said that he always thinks about how good the other person must feel on the other side of the trade when they get the better end of the stick. Maybe they needed it more than we did at that moment. Personally I know that I have needed it in the recent past and I received it. But I have also taken some losses during my recent bull run in trading. For instance on DEMP I cleared $3,000 in two days only to double dip on the conference call situation and give back $1,000 real quick. But I netted over $2,000 which was a good trade in my book. On many other occasions recently I have been clipped for a small loss of 30-200 bucks only to turn around and make back several times the loss on the next trade. It's not a problem to lose if the losses are managed correctly. It took me 3 years to learn to manage my losses. Now I have learned that when a stock goes against me I sell immediately. I do not hold hoping that my loss will turn into a gain or get back to even. In the past I would hold thinking that it would come back and sometimes it would. But on those occasions that it did not, it often would eat several weeks worth of profits right up. It's not worth the chance to me anymore. Now I sell at the first sign of weakness. I would rather rebuy higher knowing that it's going even higher than to hold while it falls and falls and falls. A small loss is a good trade in my book. Sometimes we have to give a little back. That is just a natural part of the money flow I guess. Cheers to you and Mrs. TATrader! PS - I almost feel giddy when I get out of a trade with a $30-$50 loss! I really feel like I made a good trade.

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