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Strategies & Market Trends : Tech Stock Options

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To: Nemer who wrote (50124)	8/18/1998 8:52:00 AM
From: robin 187	Read Replies (3) of 58727

Good morning everyone....the morning after:):) Well, what was that advice that you gave me yesterday Lisa?? Don't look back?? I'm trying... I'm trying really hard not to but I think it would have felt alot better had Dell stayed the same or closed down instead of closing up $5.! I want to thank everyone for all your advice. I printed them all out and keeping them on my desk so I can read them over and over again. Alot of people suggested that I step back and look at what I did wrong and the first mistake was to not step out early on when the trade didn't go the way I had planned. I'm thinking another mistake that I made yesterday was that I panicked and sold. The main reason for my sell yesterday morning was I wanted to make sure that I didn't lose all of my working capitol. Looking at a loss of $25K is hard but at least if I had $11K left I could come back another day and try to make back that original loss little by little. Although there was no real indicators yesterday morning that the stock was tanking... it did open flat and drop just a bit but then rebounded. I think looking at the -9.00 futures in the morning shook me up a bit even though they did come back quite strong by the open. So what I'm saying here is I think I acted emotionally yesterday regarding my sell. I had held up quite well actually for the last week and a half watching my loss's increase (I know that doesn't sound good but I kept thinking that logically by earnings there should be some rally in anticipation of those expected good earnings) but by friday the pain was finally to much for me. So what I'm saying is I think I acted emotionally in my sell. The good news is I've still got some capital to work with. I've hopefully learned some basic lessons ...... I'm now bulletridden Patrick:):):) I hope to keep learning from this board and again thank you everyone for your generousity in sharing your thoughts and advice. Robin

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