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Strategies & Market Trends : Your Worst Trading Enemy.. You
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To: Ally who wrote (175)1/25/2001 9:54:14 PM
From: Northspoon  Read Replies (3) of 223
 
I have been taken out on stops too but if you buy at what you feel is the best price there should be no problem setting a stop below that - because if you're correct it will never be hit and if you are wrong it will protect you from second guessing yourself. Too often I have found myself worrying about the commissions and wished later that they had been the only cost. Going short on stocks is my biggest psycological hurdle- lately RIM when it was pushed up in after hours trading ( short squeeze) leading to a stronger than normal opening here, it tends to cause panic and leads to losses. Many of the interlisted stocks can be pushed around by the stronger market, e.g. DSG, SW, RIM, CIC, NT etc. nice for the volatility but be mindful that we are the tailend. My opinion.
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