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To: elepet who wrote (14929)	11/13/1999 8:42:00 PM
From: OpusX	Read Replies (1) \| Respond to of 57584

elepet, As a new trader (I was very interested in the markets as a kid then got into music) I'm not one to give much advice...but I would say the most important things I have learned are from my mistakes...don't make them twice...learn from them...the other thing you need to remember (put a note on the computer...I would but my wife would take it down LOL) PRESERVE CAPITAL JMHO Robert

To: elepet who wrote (14929)	11/14/1999 6:22:00 PM
From: Daniel Mack	Read Replies (1) \| Respond to of 57584

elepet- To be honest I have been trading for a little over 1 yr. and in the past what I considered my biggest fault was simply doing nothing when a stock came into a buying range where I knew that I should be jumping on it. This of course is caused by fear and to trade successfully it has become very important to me to remove the fear. It is much easier said than done but to be successful you need to be able to trade with conviction and courage. I now realize that I am not going to make the right decision everytime I make a trade. This is not to say to trade blindly with reckless abandon. I make more than my fair share of bad trades within a week but with each trade that goes against me I always have a stop loss where I will exit and limit my downside risk no matter what. Therefore, I have very little to fear as I see it. As long as I am comfortable with the downside risk I really have removed the fear factor. Case in point this past week for me was with NETP. I bought it on a pullback at 31-5/8 and sold at a loss at 29-1/8. For me the downside risk at that point was just too great. It went much lower before turning around. For me personally it was just too much risk. For others here it would be no big deal, it is important to know yourself and what your limits are. For me this was the biggest mistake I made all week and honestly I had an outstanding week other than this trade. Good Luck with your trading. Regards, Daniel Mack