Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	7/8/2001 12:32:55 PM
From: Michail Shadkin	Read Replies (1) of 6873

Art of Taking Losses and Diversification This is a repost for those they missed it. This post is about 2 major rules that I always follow and very much hope to convince others to follow as well. 1. If I am trading a stock based on a future event (earnings, lockup, fda approval, etc) and that event occurs and the stock trades against me afterwards, I WILL ALWAYS SELL AND TAKE MY LOSS IMMEDIATELY. 9 out of 10 times the stock will continue moving in the same direction for many days to come. NEVER LET A SMALL OR REASONABLE LOSS BECOME A GIANT LOSS. Very hard to overcome giant losses financially as well as mentally. 2. NEVER LET 1 OR 2 STOCKS DESTROY YOUR PORFOLIO. ALWAYS DIVERSIFY YOUR HOLDINGS. IF ANY OF YOU DONT HAVE THE DISCIPLINE TO FOLLOW THESE RULES, I WOULD STRONGLY ADVISE NOT TO FOLLOW ANY OF MY TRADES. Good Luck Michail

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