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

To: bajasurf who wrote (3082)	8/20/1999 1:16:00 AM
From: RC Stein	Respond to of 18137

<<Are you talking about long term trading? Obviously, a 20% gain on an intraday trade is a rarity>> Yes, I seldom intraday trade, well maybe once or twice a week, but I'm not very good at it, so most of my trades are 2-3 days or longer. I don't have the 20% set in stone, I'll get out with any profit if the stock seems to be going south, but when/if it reaches +20% I get real serious about taking at least some profit. Too many times I've been greedy and tried to stay in for an extra 5% and had it drop right out from under me. A few small winners makes me feel a lot better than ANY loss and I'm trying to just train myself to take the small profit and not look back. I've got a pretty aggressive/competitive personality so this is just ME trying to train ME to preserve capital and not always go for the big winner. Richard St.