SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jerry Olson who wrote (108980)7/21/2000 1:54:40 PM
From: lee kramer  Read Replies (1) of 120523
 
OJ: Your ANATOMY OF A BAD TRADE was insightful...but don't beat yourself up too badly. Good trading rules can help protect us from our humanness...the greed, the fear, the too-tentative trading, the too aggressive trading... but not always and not entirely. I don't follow KLIC and I don't know what you did but I get the sense you didn't take some profits when they were there...maybe didn't put stops in, perhaps stayed with a losing position too long. The 5 rules you list are good and will help immeasurably as will sticking with Jenna's Earnings Plays and Watch Lists. But things can still go wrong...managements that once accurately led earnings estimates can blow it big in a particular reporting period...a CFO or CEO can suddenly resign...an order imbalance or unexpected piece of bad news can halt trading in a stock and open it 10-15 points below your stop price. I spend a lot of time with my trading partner and with Doc Kronkite discussing the market and the successes and failures and how to deal with the failures so they are minimized. As doc Kronkite would likely say to you, as he does to me when I've made a dumb play..."It's OK boobeleh, it's OK. Go home, do better...see you next Saturday. (Lee)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext