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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (24345)	11/11/1999 1:30:00 AM
From: Suresh	Read Replies (1) \| Respond to of 70282

Hi Stefan, >My philosophy is that as long as i stay in the game and not loose any >money and continue to improve step by step everything is just where it >supposed to be. Nice to hear it... I have seen many who have given up the nice gains without proper money management. Money management is very important... but you will get the hang of riding the wild ones soon. Why don't you try cutting down the position size and try to ride the wild one either on the upside or downside? Once you get comfortable you can increase the position size. >My worst enemy is still my impatience which probably translates into >insecurity about the position. I grow impatient when the size of position doesn't allow me to place meaningful stops. So, with hot stocks I usually don't care about the % loss but rather absolute amount of dollars I am willing to loose. This gives me better control of placing stops and also avoiding normal swings without being stopped out. >>With more experience that will change...i'm sure! or isn't it?? Yep... it will change to the conservative side esp. if you are not a MOMO guy :) Good luck, Suresh