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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: The Devil Dog who wrote (15700)6/3/1999 11:50:00 AM
From: Ward Nicholson  Read Replies (3) of 62348
 
Wayne:

"It can't keep this run up forever."

Just a quick comment from someone who's been in your
position. NEVER try to rationalize your position with
the above logic. Decide right now what you'll accept as
your maximum loss and set your stop. If the trade goes
against you then bite your lip and take your loss. Run-ups
like these may not be justified, but the buying acts like
like fire...it can spread very quickly. BII was a good
example.

WN
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