Your Worst Trading Enemy.. You Message Board

STOCKTALK

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 : Your Worst Trading Enemy.. You

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fun-da-Mental#1 who wrote (50)	1/16/2001 9:35:02 PM
From: Steve Felix	Read Replies (2) of 223

Fun-da-Mental#1, True. I didn't phrase that very well. Buy low, sell high always brings to my mind buying bottoms and selling tops. Definitely not my forte! How about: Buying or selling at a good spot within the trend. As to stops, personally I stop almost everything now. I learned the hard way. And in hindsight, it took too long. My only excuse is that I must be a hardheaded egotistical bas#%^$! When I think of skipping the stop now I remind myself: limited downside, unlimited upside. I usually have a few very small positions in $3 to $5 stocks that I don't stop. I just don't seem able to correctly stop those little guys. Maybe I will figure them out someday, but they can just be shaken around so easily. I'm currently looking at figuring a percentage of my buy price, setting a stop, and seeing how I make out. I have made out so well on a few that I just can't seem to give them up entirely.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next