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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: quasi-geezer who wrote (501)	8/15/2001 2:17:21 PM
From: eichler	Read Replies (1) of 2290

fc, "what are the odds that I can break even this year" Nil. Terrible answer but honest. Frankly, I hope you bought a minimal number of shares and more importantly, you learned something about risk management. IBD's rule of selling @ 7% loss has much to be said for it. I think buying at important support and exiting immediately when the chart proves you wrong is a sound strategy. If you had bought at 100, and sold at 93, you'd be in a whole other world right now, provided you did not keep repeating your error over and over all the way down. I suspect you are an older, wiser trader now. Here's a couple of posts stolen from another thread that I like to read and re-read from time to time.... Message 15986210 Message 13282288 Regards, Eichler

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