Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: im a survivor who wrote (16323)	4/30/2003 9:53:07 AM
From: Bob V	Read Replies (1) of 16631

....Probably better going to vegas and hitting the blackjack tables <ggg> Then you just end up with the situation where you Have 12 and the dealer shows a 6. You know the proper play is to stay but every time you do the dealer has a 2 down and pulls a 9. If you hit you get a face card. The trick is to have a system or plan and back it up with a money management system that limits your losses and has you betting more when you win. Same as the market. Yep, checked on the stock baskets at e-trade, and they do not charge anything for buying or adding a stock, but they do charge $9.95 if you drop a stock.....so, best not to have 50+ stocks, as you could have to pay $10 a pop if you want to go in and lose 10 stocks from a basket.... That system would seem to me to encourage you to keep your losers. Poor money management. Again why not use a deep discounter like IB if you are concerned about costs. At a penny a share and I'm not sure that there isn't a minimum of $1.00 per trade you can buy 50 stocks for $50.00 and still get out cheaper than $9.95 if you decide to sell.

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