Your Worst Trading Enemy.. You Message Board

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Strategies & Market Trends : Your Worst Trading Enemy.. You

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To: shawnwolff who wrote (7)	1/15/2001 5:12:47 PM
From: Steve Felix	Read Replies (1) of 223

shawnwolff, Nice thread. 1 point stop? I thought I was the only person doing that these days. <gg> I am not in position to be a day trader. I am more than happy to raise a stop into positive territory and give a stock a chance to work. IMHO too many people are willing to take too many small "wins" these days. " I just think that it is important to match strategies with your personality" Very well put. My experiences with small stocks differ from "On a very small stock I can keep 1/8 pt stops, but in those cases the potential is usually much smaller." Percentage return $ for $ can be much greater, albeit with much more risk. After a few intolerably too large losses I found the need to pare positions and give more room. Entering all positions knowing the loss will be held to 1% or less of my capital has made me a better trader. Seems I tend to take smaller positions in better risk/reward trades, picking my spots more carefully. In a way this seems backwards since I end less concentrated, in more positions. Am I dyslexic?? <gg>

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