A Simple List of General Do's & Dont's of Trading: Message Board

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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading:

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To: Guy Gordon who wrote (7)	5/13/1996 4:12:00 PM
From: Cadaver	of 769

I had the same problem. Now I just hold until some announcement comes or something happens to give a modest rise. If the loss/profit is acceptable, I sell. If you can make the money you have lost somewhere else, it's better to sell. Example: Oak is a dud now. You could wait a couple of months hoping for an improvement...or you could sell it all and put the money in something that you KNOW will go up...(like IOMG in your case). Remember that it's stupidity to demand that you make money in the same stock that you lost money in. Another approach: Buy a good stock on margin for the same $ amount as your dud. Wait until your dud rises a bit on news/coverage etc. Sell the dud when you are satisfied with the price. This should cover your margin. Dont keep waiting for the price of the dud to go to the purchase price. A dud might still be a dud. It might fall again. Dont get too greedy. Good Luck Cadaver P.S: IOMG has made up for my mistakes too. I'm making fewer mistakes now, but am still making them. Let's share our mistakes and lessons learnt so we dont all have to learn them individually.

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