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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: ratan lal who wrote (1680)	12/9/1997 12:45:00 PM
From: Richard Estes	Read Replies (1) of 12617

Buy and hold is good if you buy at the bottom and the stock goes up. Some stocks never see new highs for years. It took IBM 10 years to see the 1987 highs. This bull is the reason for newcomer sucess. You start holding losses, you will be eaten alive. Too many people make funnymentals a part of the process even "day"traders. A daytrader should only be concerned with Price and volume. If a trade is going in your direction, fine. If it isn't going where you want it to go, GET OUT. The fear of taking a loss is the downfall of any trader/investor.

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