TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Dan Lisman who wrote (265)	5/11/1998 11:13:00 PM
From: TATRADER	Read Replies (1) of 59879

Good going, I did not follow my own rule with MDIX, and suffer as a result...It must be a habit..You open a position, you put in a protective stop...Stop orders must become traders' and investors' best friend....The moment an order is filled, a protective stop must be placed...WE WOULD RATHER GET STOPPED OUT THAN RUN THE RISK OF RUIN BY HAVING A POSITION MOVE DRASTICALLY AGAINST US..... 1. Cut losses 2. Cut losses 3. Cut losses Education Tibet of Night "After a string of profitable trades, many traders take the attitude that they can 'shoot the works' because they are 'Playing with the house's money.' This is reckless trading and a loser's strategy. When traders get this urge, they should go out and buy some lottery tickets because the results will be the same---A LOSS. If their attitude were that they were playing with their children's education money, the urge to go for broke would be less likely."

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