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

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To: Belinda S. who wrote (37047)4/28/1999 4:13:00 PM
From: croonerjim  Read Replies (2) of 120523
 
Belinda--ouch--hate to see fellow gemmer with losses like that. I simply cannot trade without using stop losses. Sometimes I get head faked out (HLYW!), but it saves the pain of holding large loss positions, particularly when I cannot watch the market every minute like many of those on the thread. I try never to take more than a 5-8% loss and let the winners run with trailing stops. IMO USWB (which I got stopped out of two days ago with a 3% loss) has broken down and will not come back for a while. Just my thoughts! jim
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