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Strategies & Market Trends : daytrading tips to help each other avoid huge losses -- Ignore unavailable to you. Want to Upgrade?

To: Mike Hermann who wrote (3)7/31/1999 10:07:00 AM
From: wallstreeter  Read Replies (1) | Respond to of 7
 
Remember to cut your losses quickly. You are a daytrader not an investor. Long term here would be an end of day close out and ,at the most, an over nighter. Remember to sell on the way up on momentum too because it would be easier to sell your stock at the ask when other people are buying then when its going down.



To: Mike Hermann who wrote (3)7/31/1999 10:29:00 AM
From: linsol  Respond to of 7
 
This thread is to help prevent another tragedy from occurring. Please, no HOT STOCK tips ,etc. Our goal is to share our mistakes and educate the novice. This is a cut throat business. Try to sell some of your shares when they are at their highest. This way,you will slowly recoup some of your initial investment,and you will have cash on hand for emergencies.


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