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Strategies & Market Trends : Strictly Buy and Sell Set Ups
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To: chowder who wrote (8467)3/29/2006 5:59:48 AM
From: eaglains  Read Replies (3) of 13449
 
Dear Dabum {and others},

i'm sorry to respond so late to all of you who have tried to help me. Although i've won 8 of 11 here, {since arriving here in Jan.} fear has scared me out of plays way too prematurely starting with EPEX and continuing through the 2 earnings plays of ITRI and ECLP when i couldn't break my old habit of stocks tanking on good earnings. Therefore had i stayed another couple of days, my winnings would have been substantially higher.

When the CEO of ISSX unexpectedly declared earnings on track, that was not what the market wanted to hear; and although my instincts told me that the FA had been trumped and i should bail; i didn't and i lost all of my Feb winnings and much of Jan.

i think i have become overly risk averse and am not getting anywhere, despite a good winning percentage for a newbie.

Fear got me again last night - i put a 1% stop under SUNW and now i'm wondering if i should restore it to the original $4.60. After a bad TALX experience and the disaster that i have only myself to blame for in ISSX, i'm worried that i'll permanently develop a loser attitude.

Should i put the stop back down and move into one of the new setups - my capital prevents me from playing one play at a time? All comments appreciated.

Your friend,

mark

PS - My other 50% of capital is a buy and hold account and has done well, but i'm basically just treading water {glub, glub}.
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