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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (27481)10/30/1997 2:42:00 PM
From: Kevin Walsh  Read Replies (1) of 58727
 
Hi Tom, from an earlier post >>Not sure what method/system you are using but IMO it is very difficult to day trade successfully without using some kind of system to let you when to enter and when to exit. Otherwise, you'll find that your emotions take over.<<

Isn't that the truth. I got spooked out of my CPQ Nov65p for 4 1/4 this AM for a measly $130 profit (at the low of the day). Missed out on another $1k - I was going to sell them at the open (would have gotten 6), but heard the tech downgrades this AM and decided that the gap would likely hold as resistance. When I saw CPQ at 64, I scrambled to sell, and I have to say that was one of the fastest confirmations I ever had.

>>I tend to have mixed feelings about these advisory posts especially when it is an unsolicited opinion.<<

I agree with Nemer, David, and others that you shouldn't have these mixed feelings. I always look forward to your market insights - keep 'em coming. I just wish I could post more.

>>I think that this recent down-turn has been devastating to a lot of smaller traders. The same thing happened in the summer of 1996.<<

I agree with you. I was devastated early on in this downturn as I was early last summer.

Take care Tom and thanks again,
kw.
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