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

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To: RobQ who wrote (85)1/18/2001 3:43:05 PM
From: ArnieC  Read Replies (2) of 223
 
Like you I trade my retirement account and hold my regular account long term. One of my problems is I panic when
I see an analysts downgrade and the stock plummets. When this occurs in my IRA account I sell, usually a mistake. I tend to hold on in my regular account if the fundamentals are still good.
I have learned it's better to sell on the way up then to wait until a stock has fallen considerably and then sell on the way down. In other words don't get greedy, but take a fair profit especially if it's long term.
At times I have a significant gain short term and then I don't know what to do. Usually I try and wait for the long term.
Over all I have done very well in my regular account and have removed money for other purchases.
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