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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Chris who wrote (8149)5/1/1998 6:16:00 PM
From: Judy  Read Replies (2) of 42787
 
Just explain the downside risk versus upside potential to your dad, and then you can formulate a contingency plan.

For example, if your MSFT entry was at 87 ... nothing wrong with holding if you think the downside risk is to 80 and the upside potential is 100 in your timeframe. The key is not to be thrown for a loop when that happens, you have made a conscious decision and not let the market make the decision for you. When the market decides for you, it is too late.
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