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To: kendall harmon who wrote (67220)	10/21/1999 5:06:00 PM
From: nokomis	Read Replies (1) \| Respond to of 120523

just read your post and thanks Kendall..all very good points..(you would have been proud of me today for entering "late" and still making some $!) .. got lots of work to do to "fix" my handicap...

To: kendall harmon who wrote (67220)	10/21/1999 11:19:00 PM
From: Autumn Henry	Read Replies (1) \| Respond to of 120523

Trading "Runners": I have something to add on the good for us post of Nokomis regarding getting in a running stock versus missing the whole move. A year and a half ago I had an internet trading partner and I was really aware of my first runner experience. At least I could label it as a runner. I noticed for the first time on a stock called MANU as I was tracking it for earnings which were always steller. And at this point it was at a low so it would have short covering momentum also if their number pleased the street again. That morning after the earnings it started going up. My thoughts at the time: "Well, I will wait till it retraces" It didn't. Then it continued to do this all day. All day. And as you can imagine it drove me nuts with aggravated frustration cause I had been like the little red hen.......I had plowed the fields, had prepared the earth, had planted the seeds, watered the crop, etc. and here was time for harvesting from all my tracking work and expectations and focus list, and here I was "sitting out" of the move!!! I was stunned. I couldn't believe this was happening to me and I didn't have a clue what to do. I hadn't planned on it starting to get away from me at the beginning and I didn't have a plan on what to do if it did! So I sat like a deer in the headlight of this opportunity stunned and furious at myself and life!! And to top it all off.....my partner (we were ICQing) kept berating me about "how did we miss this 20+ point move!!! I was making the calls in this case. Now this stock was about 25 and had moved about 20+points in this huge move. And I barked back...."well who could believe it was going to do that!! That was an anomoly! It was ridiculous!" and finally I fired back "When would YOU have gotten in to it??? when it was up 3? 5? 8? l0? l5? 22?!! And what if I had bought at the high and it went down from there? (and they can go down fast at these spaghetti string moves with no support so I was right there) I would never hear the end of it! And I would feel like an a*! And the thoughts also were: Geez. Autumn, you DID ALL THAT WORK, and you were RIGHT THERE when it started to happen but because you were not fast enough on the "first impulse" you missed the whole $#(@&*% BOAT!! All that work for nothing!!! And when I got out of defending myself to him I started thinking about HAVING A PLAN that would become automatic when these situations occurred. Now, maybe there is something written somewhere but I haven't seen it on how to approach this and it reminds me of how alot of trading has been for me---the necessity to find my own way in all aspects of trading. Considering I was as close to pioneer time in this field when you said "daytrader"-- back when no one knew what the heck you were talking about! And all the new books, articles, people, etc. were not out. (That was a scant 3 l/2 years ago for newbies). Now finding your own way is a process and because there are so many aspects of trading to be mastered and it is evolutionary and takes time and is like juggling a whole lot of balls at the same time and getting to know "you and your style"---it takes time and there are not exactly black and white answers that work all the time (that is an idea to give up...:) And because you have to deal with your own psychology it further complicates progress. And because so much of this seems to be of necessity "learn and burn" (mostly referred to in other fields as "trial and error"..:)) self home-schooling (and the burn can be the burning I felt by missing that MANU move after all that!)...well, one has to seek out one's own answers and solutions and be able to recognize them and "twink" them to fit. Now we have some good post ideas here and that is valuable for me. I would like to add some I came up with to end this long story post. (end of part 1)