Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: Jerome who wrote (44507)	3/25/2001 3:25:49 PM
From: Jacob Snyder	Read Replies (1) of 70976

re: "I believe that they reason Ian and Jacob are very successful is because they keep doing the same thing over and over again. " Yes, I have made a lot of money in the last 3 months, in AMAT and others, playing the short/medium-term trading ranges. However, at some point, the patterns I'm trading on will abruptly change. If I don't get out quickly when that happens, I could be royally screwed, and lose all my gains. That's what stop-loss triggers are for. The first rule of short-term trading is: have a Plan B. This is especially important when shorting a stock that, when Mr. Market last smiled on it, was a 10-bagger. I'm playing with fire, and I know it.

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