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


To: Threei who wrote (5175)11/3/1999 9:46:00 PM
From: dpl  Read Replies (1) | Respond to of 18137
 
And who said.."I never buy at the bottom and I always sell too soon"?

David



To: Threei who wrote (5175)11/3/1999 9:51:00 PM
From: KM  Respond to of 18137
 
Thanks everyone. I hesitated to post the question at all because I know it sounded petulant and if someone else had posted it, I would have landed all over them <G>. I'm merciless in judging my own trading though. Probably not a good thing.

I just wish there was a way to game these uncharted waters as it were. Another way to look at it, I suppose, is that the guy who jumped on JNIC and paid 114 for it is down now in the order of over twenty points if he still has it at all (and I wouldn't bet too much that he doesn't).

Cormac, on these momos that I do not know personally, I generally trade about 500-600 if they're 50 or less, and 300 if they're say 75 or above. 200 and up, I trade 200 shares.

It's a psychological thing I guess, but losing money is much more painful to me than making it is pleasurable, so I am maniacal about taking profit quickly. I guess that mindset is not conducive to riding things into the wild blue yonder.