Your Worst Trading Enemy.. You Message Board

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

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To: Northspoon who wrote (210)	2/7/2001 4:20:48 AM
From: shawnwolff	of 223

To: Northspoon Re: Risk-taking <I wanted to stay in CSCO through earnings but head overrode my heart> Good job resisting the urge to "revenge trade"! I exited all positions ahead of the announcement. There was a lot of negativity surrounding CSCO lately, so we knew the reaction in either direction would be intense and broad. CSCO is a bellwhether stock. In the spirit of listening to safety rather than potential, we (as traders)had to exit before that announcement. Holding would have been a gamble. Gambling has big pay-offs and large risk, and that is not what consistent trading is all about. - Shawn

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