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Technology Stocks : Ascend Communications (ASND)
ASND 210.50+0.5%Nov 21 9:30 AM EST

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To: Greg h2o who wrote (36194)2/24/1998 10:38:00 AM
From: Tim Luke  Read Replies (2) of 61433
 
Greg,
I'm a day trader and the biggest thing that I have learned is never get greedy and don't be afraid to take a loss. And to answer your question regrading if a stock falls 5 points will I trade out of it.
If I'm short or long term I doubt it but if it were a day trading stock I would get out before a loss like that unless it was a sudden drop but that is very rare.My finger is always on the trigger when day trading.
For sanity reasons I have cut my trading in 1/2, I was doing way to many trades a day giving me no life.

Greed is the kiss of death in this business!
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