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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (498)	12/5/1998 11:11:00 AM
From: Tim Luke	Read Replies (1) of 99985

well i i broke my golden rule on friday: i bought a 1,000 intc long before the bell and sold it 20 minutes later for 1 1/8.....nice way to start the day. then i thought for sure the market was going to turn (suckers rally) so i shorted MSFT at 126 for another 1k shares....shortly after it did drop and i was sitting on a 500$ profit but instead of taking the money off the table and moving on i let the winner turn into a loser "breaking my golden rule"..so i fought it all day up and down until the end where i had to cover at 127 3/8. never let your winners turn into losers! btw- i am now back to 100% day trading closing flat at the end of every trading day.

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