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Strategies & Market Trends : Daytrading lessons learned the hard way -- Ignore unavailable to you. Want to Upgrade?


To: David Lind who wrote (9)7/29/1999 4:10:00 PM
From: GBT  Respond to of 24
 
David,
I agree with you never is pretty strong. I was talking about buying a fast moving stock, and not shorting one. I just think when buying a stock that is flying, market orders are crazy, who knows where the next available block of shares are priced at. I have been killed on market orders and read about people who have lost their entire investment. If we can develop rules to trade by, and try not to break them too often I think we will become more profitable in the long run. Minimize your losing trades and never let a winner turn into a loser. Thanks for your example, we can all learn from it.