Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (43817)	10/5/1999 7:23:00 PM
From: wanmore	Respond to of 94695

either way, I need to find a new broker. Why should I have to explain my reason for every trade or argue about how much money I am willing to lose on a trade? I generally like to cut my losses quick (generally about a 1/2 point on a $3 option trade) and I like to follow my gains with stops just below the previous day low (or high on puts). Every time I try to explain this I hear about I should give the stock a chance to move rather than get stopped out so quick and take profits fast...don't follow it with stops just get out. For an Example: I bought 20 EBAY $80 calls when it was at $80. using my method I would have been stopped out @120 just 8 days later....instead I took his worthless advice and sold them @ $93. Bought 20 UFNY $25 calls. My system would have stopped me out with a 1/2 point loss....his system has me holding them into a probably worthless expiration..a $2 5/8 loss each. I'm just bitchin' I guess