From the Trading Desk Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : From the Trading Desk

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dale Baker who wrote (2430)	1/25/1998 1:15:00 PM
From: Carl H. Gotsch	Read Replies (1) of 4969

Dale, <<THEY JUST CAN'T BELIEVE THIS STOCK WHICH HAS DONE SO WELL AND THEY LIKE SO MUCH WON'T BOUNCE BACK REAL SOON.>> Your post mirrors my experience precisely. What makes it all so galling is that the risk management section of every trading book I have ever read places a major emphasis on cutting losses--including ones that were written 50 years ago. But apparently every beginner must learn the lesson anew!! I guess this is because it is not a cognitive issue, but a psychological one--the pain must be felt before the logic of the argument becomes persuasive. I continue to feel the psychological difference between physical stops and mental stops because my broker, Datek, allows stops on NASDAQ stocks but not on NYSE stocks. I "don't mind" being physically stopped out on NASDAQ, but still tend to "hope" with NYSE stocks. As Coyoti has posted, I had better get over that for it is a sure invitation to trouble. Regards, Carl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next