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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (31875)	12/23/1997 5:50:00 PM
From: Tom Trader	Read Replies (1) of 58727

>>Once you publically announce your trade it is much more difficult to admit if you are wrong. etc., etc."<< Perhaps it may be for some people; I have gone back and forth regarding this issue of announcing trades. At one time I stopped doing so because I was concerned about others following my trades--and not following the same exit disciplines that I do when I am wrong. I have no problem going public with trades where I am wrong -- basically because I KNOW that I WILL have losing trades and it is no reflection on my trading ability to acknowledge when I am wrong. My problem not one of correct entry or for that matter cutting losses short --it is with taking profits when I have a winning trade. I am referring to stock and options trading -- when it comes to futures trading it is not an issue since my signals are mechanically generated. But having said this -- if someone does not want to announce their trades for any reason, I can understand that as well.

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