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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Daveyk who wrote (7037)3/31/2000 6:28:00 AM
From: Dave Shares  Read Replies (1) of 9427
 
Hi Dave,

RE: "That was my plan going into the trade so maybe I should follow the plan"

Dave, I make a lot of trading mistakes. For the most part, my money management has improved so damage is not bad and I am more inclined to miss opportunities.

My mistakes have two common themes:

1) Trading without a plan
2) Not following my plan

If you have thought out your plan for trading CEGE, I strongly suggest you follow it. The worst that can happen from following your plan is a minor loss, and think about what the worst thing that can happen from NOT following your plan ?

p.s. someone decided to offer CEGE after hours at 19, so I bought some myself (after hours trades do not reflect on the DWA charts, so the BSL is intact). I'll stop the trade at my buy point, because I don't see any other support nearby.

Also, while I'm cautious about the market, yesterday looked like a good opportunity to buy EGRP and NITE on pullbacks, which I also did.

Best wishes always,

David
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