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Technology Stocks : Neomagic Corp. (NMGC) -- Ignore unavailable to you. Want to Upgrade?

To: jds who wrote (3150)7/10/1999 3:32:00 PM
From: SIer formerly known as Joe B.  Read Replies (1) | Respond to of 3645
 
My "$1000 rule" goes for anything I buy whether it was intended
as a day trade or a position trade. I treat losses differently.
For position trades loses are a chance to get more stock cheaper
for daytrades I usually won't take more than a $300 loss.

Obviously I sold NMGC too early and trades like that used too bother me but selling too early is much less painful than holding too long. You can't lose money taking a profit.





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