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Non-Tech : MB TRADING
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To: Nazbuster who wrote (1065)9/7/1998 3:50:00 PM
From: Gary Korn  Read Replies (1) of 7382
 
I hate chasing a stock up or down

Daniel,

9 times out of 10, I suffer a loss when I insist on chasing a stock. I'm much better off when I remind myself that there will be another trading channel (like there is always another train or bus) and that I should wait until that new channel presents itself.

On the flip side, when I'm lucky enough to get in on the bottom of a channel, I too often forget to add another 500 shares once the channel firms and the stock moves (I get too busy watching the channel strengthen to think of adding more shares to the fire).

Gary Korn
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