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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Rose K who wrote (34022)4/15/1999 11:06:00 AM
From: Lane Hall-Witt  Read Replies (2) of 120523
 
When you're not certain about a trade, but are questioning which way to go always ask yourself "Will this preserve my capital?"

Great post! One of the hardest habits I've had to break myself of is the temptation to think that I just had to make certain trades, that the opportunity was too great and would never come again. That led me to make some risky bets which made sleep at night hard to come by. I've been trying to teach myself that if there are any pangs of doubt plaguing me, then pass on the trade. Other opportunities do come along; the astonishing number of "finds" that Jenna has shared with us is ample proof of that. Keep your eyes open; keep your options open. Think in forward-looking terms and make preservation of capital and future trading opportunities as much of a priority as today's profits.

Thanks for the reminder, Rose K, and best of luck trading--.
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