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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: Norms who wrote (592)	11/4/1999 8:31:00 AM
From: LANCE B	Read Replies (1) \| Respond to of 4792

i think i need wayne to go back over all the little quirks and guidelines we use...every now and then it needs to be put back out on the thread... WAYNE- TAKE IT AWAY..

To: Norms who wrote (592)	11/4/1999 8:35:00 AM
From: Wayne Rumball	Read Replies (2) \| Respond to of 4792

It's been a while since we posted some rules about jumping into any of our trades. We probably just assumed it was all the same group following and everyone knew what was going on. 1. Paper trade, for a month at least. Imagine your executions are terrible (like mine). Your fill will take 15 mins. Set your limit price, wait 15 mins and see if you got it or not. Same on the sell side. 2. never use market orders 3. All stocks are garbage 4. never use market orders 5. 99.9% of all stocks are not worth running after 6. never use market orders 7. There is nothing wrong with taking profit, 10%, 50%, 100%, profit is profit 8. never use market orders 9. It is never too soon to cut your loss 10. never use market orders There are more, just have to think a bit about it. Oh and did I mention never use market orders? I wish I could cut and past mytrac trading logs. Market makers screw someone over big time at least once a day on a market buy or market sell. HPWR was the latest example, took it from 1.50 down to around .50 on a 10K market sell. Good for me, they let me have it at .75.