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: bazan who wrote (14561)	2/22/2000 8:50:00 AM
From: stock talk	Read Replies (3) of 59879

Just to offer a "balanced" view on greed, there is nothing wrong with letting your profits run to your trade plan target. What I'm talking about is when your trade plan called for a point, you get your point and excute a sell order, then the stock runs 20 points and you do a "woulda, coulda shoulda", then it affects your future trading performance as a result(mind game). Unless your trading plan called for a 20 point run from your entry point you had no business being in the trade after your target was hit, the rest is just rear view mirror greed. In my trading career, I've had 3 home runs(10+ baggers) , 1/2 dozen triples, couple of dozen doubles, and (I'm guessing here) maybe 8,000+ singles. I try to look for a 3 to 1 ratio on my trade, another words if I am willing to risk a 1/2 loss in a trade my sell target is 1 1/2 on a one position trade, less if I have several positions open in the same stock.

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