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Strategies & Market Trends : Tech Stock Options
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To: Electric who wrote (49124)8/3/1998 4:06:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
<So what is happening to you is that you place tight stops after you enter the position, then you get hit on it fast, and miss the point that you were looking for, due to the bouncy road?>

Something like that.

Everyone has to have a drop-dead point where they pick up the chips and this time mine was 26.50, but the market zipped to 27 while I was closing it out.

It's easy in hindsight to think I could have placed it higher but I viewed 26/27 as having some resistance and was not pleased to see it dancing around up there at the time.
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