E trade change order is very prompt ..
Also they offer day traders program , where yor margin will be greatly increased,,
E Trade like any one else ,, have server problems ,, but also they are spending more money on the equipment than any one else,, hence their declared earnings forecast going forward into 1999 ,, will be affected,, , shorts have used that argument from 40 to 10 ,, but now street understands what they are trying to do ,, we grabbed some EGRP at 13,, recently ,, but it might be a short soon .. as it was at 27 recently ,,
CTII good luck , I had not done a dd on CTII ,, was in total ignorance of the company ,, hence I dumped ,, I do not like to hold losing position ,, it's a bad psychological drain ,, rather have cash , to jump on other winners than sit there, immoblised,, with funds tied down ,,
I sold ENMD as soon as 30 was crossed .. as my motto is .. take the profit relentlessly ,, indeed by doing that , I miss out some great runs ,, like my EBAY ,, got ooout at 82 ,, after doubling my money ,, and was thinking it would go down to 60 ,, and it would have ,, had there been no buy recommendation ... and had to jump in when it hit 105 ,, stil rather to be in the winning situation ,,
It is very important to feel good about your self , you have to tell your self that you are on the winning side,, and you have to make GOOD trades,, good trade does not necessarily mean ,, coming out with a gain ,, but pulling the trigger with discipline ,, that is the good trade,, once you have set your tolerance level on both losses and gains you can moven on and go for more gains than losses,,
For instance,,, had you bought THNK say at 17 ,, and saw it go to 16 ,, you should have cut the losses at 16 ,, even if it ca back to 20 next day .. and moved on ,, rather than sitting there watching it go to 14 , thinking that it will come back to 17 again ,, it may ,, but it will take a long time , meanwhile ,, again you are stuck ,, and every time ,, you look at that frigging trade show up in your account , you think of that day , the time .. the trade.. I should have , had I known ,, etc ,, these negativities gets you down ,, get away from bad trades ,, and move on to good trades,, whether plus or minus ,, the idea is to shake it ,, forget it .. get up and go for next winner..
Also , ,as people suceed,, they get cocky ,, and become careless,, PROTECT your gains,,
Level II is a must . you must have it as an active trader ,, if you are momentum trading or day trading ,, other wise , you are driving a car with no head light in a pitch dark night ..
Good luck ,, |
