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Strategies & Market Trends : Technical Analysis - Beginners

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To: TA2K who wrote (9062)	1/3/1999 4:58:00 PM
From: Dick Brown	Read Replies (1) of 12039

Yes to all..You can have mental stop but make sure you execute them.. If you can't take an inevitable small loss how can you take a large one? Risk reward ratios..what will you risk to take the chance of a particular reward? If you figure 1 to 1 , it is a losers game.. Expect to be wrong and plan for it..when the market proves you are wrong, by the stock moving in a favorable direction, move your stops.. If it turns out to be a great call, add positions.. Worry about loosing money not making it..allows you to stay in the game..It ain't easy to take anothers $$.. Do I violate these rules.. Sometimes and I hate me when I do.. Dick.

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