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

To: Dotty who wrote (2942)	8/17/1999 8:48:00 AM
From: Eric P	Read Replies (1) \| Respond to of 18137

Dotty: Question: Is it a very dumb thing to climb back on & ride it back up to make some of my losses back? I think the key is for you to decide how you want to trade. In other words, short term versus longer term, and what strategy you want to try within your selected time frame. If you are trading in a very short time frame, then you should never ride a stock lower for a week or more. Get out quickly if it goes against you. In any case, assuming you have decided on some kind of trading plan or strategy, then stick with it until your experience tells you it needs to be modified. IF the same stock, FFIV, meets the conditions of your trading plan a second time, then by all means, go ahead and enter another position in the same stock. But this second trade should be totally isolated and independent in your mind from the first trade. They are unrelated. Good luck, -Eric

To: Dotty who wrote (2942)	8/18/1999 3:53:00 AM
From: Teresa Lo	Read Replies (1) \| Respond to of 18137

Rather than trade any more - it would be a good idea to study the market a little more, but FIRST things FIRST. You MUST learn about Risk and Money Management and then IMPLEMENT it prior to making any more trades. From your comments about your trade in FFIV, it would seem that if you make a few of those your account will be toast. I saw it happen to clients at the office all the time in my years in the brokerage office. I wrote a whole section on trading and if you have time, please check it out at intelligentspeculator.com