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Strategies & Market Trends : Paint The Table

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To: arno who wrote (18569)	3/9/2002 10:40:38 AM
From: arno	Read Replies (1) of 23786

I've just finished reading all the posts from yesterday afternoon and last night and I would like to add a couple of things. I try to never let a trade turn into a loss. If it doesn't go my way in the very beginning, I toss it. There's plenty more opportunities. My tolerance for leeway only comes from how much profit I have. Sure, I have let trades that were up a lot turn down and I end up getting out at break even.....but I vowed to never let a small loss turn into a large, and then larger loss, again. The other thing is the subject of stops. My method is simple....if I'm away from my desk I use a stop. But, if I'm watching the action....I don't.

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