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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Paul Viapiano who wrote (374)	6/9/1999 1:07:00 PM
From: -	Respond to of 18137

Paul, Thanks for your comments. The stop lesson is the biggest "learn" you will hear, if you listen to the real pro traders. Jeff Cooper says "Learning to take small losses is the essence of professional trading". Reading the Market Wizards series, it's the same thing. It's not easy, we all struggle with that one! That's "the one". Always, mental stops - alerts I run on my WS. Even on NYSE. Sometimes, on a swing trade, I will allow a position to run and use CLOSING PRICES as the stop. As my account equity has grown, I'm more comfortable doing that. Regards, -Steve