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

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To: TATRADER who wrote (1777)7/24/1998 4:33:00 PM
From: Rashid Garuba  Read Replies (3) of 59879
 
Mark,

Would you believe I took TRBDF home toooooo?? At 14 5/16. Stop following me around!

A weakness I have always been aware of became glaringly evident yesterday and today. When a position works against me I go insane. Slacked off after a terrific 2 weeks. Used stops sparingly. Paid a high price in mental anguish. Will regroup over the weekend.

For those that haven't been bitten yet for not using stops..... It's not just the money lost. When a stock goes against you, a level of loss arrives that can absolutely remove every rational thought from you. The point comes when the thing has dropped so low "it should bounce any minute now" It won't bounce until just after you have sold in a seemingly drunken state. Deer in headlights.

Rashid
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