Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: $Mogul who wrote (87392)	3/21/2000 12:13:00 AM
From: Ian McGuire	Read Replies (1) of 108040

hey gang... I'm sorry to hear about the reversals some of us have been experiencing; we have had it so relatively easy for so long its no surprise that we may have become a little lax in our trading methodology.This could be an opportune time for reviewing our practices. During times like this proper money management is key, with position sizing perhaps the most important aspect even over stops/exit criterion.With this techno bull we have been riding, I'm sure we have all traded too large a position.Resulting losses are painful to your account but even more important, to your confidence as a trader. In the spirit of making lemonade out of lemons, this could be a good opportunity to sharpen our games for the runs to follow... regards.... ian

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