Want to make $1000 a week trading.....I'm going to try!!! Message Board

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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!!

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To: Dan Ross who wrote (469)	1/24/1998 5:22:00 PM
From: Susan Saline	Read Replies (3) of 1100

LOSSES Little story here... My 5000 went to UTI and TLK which I used no stop loss on either UTI my last purchase was at 18 now, about a week later it is trading at 15. It did gap down about a dollar the day after I bot it. Did I take the 1 dollar loss? Heck no, I thought...hoped it would bounce back. Did it? NO, it did not. I held, and watched it fall another couple bucks. Hindsight says shoulda sold and taken the $1 loss. BIG ERROR Did I learn? Heck no, I let it happen again with TLK...same senario The 5000 is tied up here. Dead money. Another trade I have made recently is... EGHT bot for dead cat bounce NO bounce bot 8 1/8 sold 7 1/8 Did I learn? YES YES YES and I was happy to take the loss, I am finallylearning What I am learning is....with no fun tickets (money) you cannot play the game, and that is definately NOT fun. I tell you all this little story, so others may learn that such a silly little rule can make a BIG difference between being able to play and NOT being able to play. Sue

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