Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (13406)	2/22/1999 11:14:00 AM
From: wmwmw	Read Replies (9) of 122087

Short at $9 3/8 is a bad trade compared with short at $11. A fair comment is to admit both $9 3/8 is a bad one and $11 is a good one.You should admit it when you have a bad entry. I remember last time you shorted JBOH at $11 3/4 but the stock hit $25 next day. When you have a good trade you take profit, when you have a bad trade you just hang on there and wait it to come back. So there will not be losing trades at all. Others also can claim the same way. Yes, JBOH still has a higher chance to come back down but before that it will be more likely to hit $15 first. You had a bad timing and entry. Your trading still has a high percentage successful rate but lower than you claim. Your long PCNTF also is a losing trade. You have very good understanding of fundamental impact on stock price but somewhat weak in technicals. Remember, if you have a bad entry or timing but just hang on there and refuse to put it in your record, every one can do it same way and claim all their trades are winning trades, just wait whenever it takes.

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