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Strategies & Market Trends : Trader J's Inner Circle
NVDA 181.00+4.0%3:59 PM EST
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To: Nicole Bourgault who wrote (14089)5/5/1999 5:33:00 PM
From: Wes Stevens  Read Replies (1) of 56535
 
Nicole, One of the things that I am trying to do is to wake up each morning and evaluate what is in my account new each day. It should not matter if you are up or down on a stock that you own. What matters is where is it going from here. I sold two stocks that I was was way under water this morning and then watched them drop more. I bought one AWEB back latter. Cutting your loses on a stock is sometimes a hard thing to do especially when you know that in six months that stock will be way above where you are selling it. ABTL fits into that category. But this is what makes the difference between us, the traders, and the people that buy and hold.

Now having said that I think ABTL will have a good day tomorrow. It usually will gap on days of a healthy market. If it gaps a couple of points I will sell into the gap and look to get back in latter. But as long as the naz is healthy I will end the day with it in my account.
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