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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (47495)	2/16/2001 11:08:14 AM
From: KevinThompson	Read Replies (1) of 57584

Very well said Rande. I would reiterate with lessons learned. Don't be fooled by stock prices. Repeating what you've said many times before, "Plan your trade and trade your plan". If you take a position and hold it, then selling it during a selling mania downdraft is NOT trading your plan. Stock price fluctuations can cause irrational emotion and convince you to act in conflict with the plan and do something silly. Don't sell in downdrafts, buy them; and don't buy the runaway rallies, sell into them. If your plan was ill-conceived in the first place - abort it early on - don't stick it out to compound the mistake. Best Regards, KT

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