Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: 4rthofjuly007 who wrote (55972)	4/24/2002 5:49:26 PM
From: Ron Dior	Read Replies (1) of 99280

OO7, Basically what you stated is correct. I basically have 2 accounts. One is a long-term hold including both long and short positions. With the second account I do some light day trading and more position trading. I bought in heavily a short time after 9/11 when I felt the economy had bottomed. Most of the stocks I bought then I have held or added to. When I buy a stock I immediately make a decision as to my risk tolerance. Stocks I am willing to exert a higher risk point on I use a 25% cushion. Meaning, if the stock drops 25% below what I consider to be my buy price I sell NO MATTER WHAT. My lower tolerance stocks I use a 15% cushion with the same NO MATTER WHAT attitude. The only time I add to my position is if a stock bases then breaks out of that base. If you ever see me add to a position in a short time span (within several days) it usually means I have sold the stock somewhere in-between or am planning on selling for a quick position trade. I do not use stops on full indexes only on individual stocks. You must remember that 99.9% of all day traders will lose money. The only way to make money in the market is to do what I have stated above. Ron Dior

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