Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 254.72

+0.9%

3:59 PM EST

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To: Sam Citron who wrote (44733)	3/29/2001 5:35:45 PM
From: advocatedevil	Read Replies (2) of 70976

RE: Q - "Do you normally allow the same 5-10% for setting stop loss protection?" A - Absolutely. I was dealt a harsh lesson when I once dropped over $30K on one play that I continued to press. Bottom line: when a stock moves in the opposite direction of what you're expecting, it might be a good idea to bail and understand what went wrong before continuing with the play. Q - "How long have you followed such a strategy and what are your results so far, (i.e. % of profitable trades)" A - I did more swing trading last year than ever before. I tracked my trades and was winning almost 9 out of 10 for the first 11 months. I actually had a run of zero losses for a three month period. That changed quickly when I ran cold in December and closed out the year winning a little over 7 out of 10. Q - "Do you ever attempt catch both sides of the swing, i.e., instead of merely covering, double covering so that you are then net long?" A - Yes. In fact that's my normal mode of operation. However with AMAT, I feel strongly that the short-term upside is limited and the downside risk is high. I don't want to get caught holding long overnight in the current environment. AdvocateDevil

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