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

To: Bilow who wrote (5926)	12/10/1999 7:03:00 AM
From: Olsinvest	Read Replies (1) \| Respond to of 18137

Very few people cry over taking a profit

To: Bilow who wrote (5926)	12/10/1999 5:43:00 PM
From: Steven Ivanyi	Read Replies (3) \| Respond to of 18137

Carl: <<Re the bad trading experience. I had an experience today that left a rather bad taste in my mouth, though I didn't really lose money>> We do mistakes like that all the time. You froze because the stock was coming down and couldn't take your profit. I've made the same mistake before too. That 10 dollar profit becomes a 2 point loss. The biggest problem I had was freezing today - not taking a loss until it becomes unbearable. Did a bunch of trades today - all losers, except for one. Even though we had this big bull run. I guess I started the day off by not shorting CORL at 45 pre-market. I really wanted to short that gap, but I just couldn't pull the trigger for some reason and that kind of screwed up my confidence for the day. The thing plummeted to about 28 or so. And I watched it go down...... Any way ended the day with a real nice net loss. I can't seem to figure out what heck was the matter with me today. Looking at my trades - the entries were terrible and then I seemed to have this weird mindset to short everything. Short this and that - it's going down. Maybe it's this cold I've got or something. Have a whole pile of Kleenexs in waste paper basket. I should have taken my wife's advice to take the day off since I wasn't feeling well. I listened to her last time, so I wasn't going to listen to her this time.... Arghhh, why didn't I just sleep in. I've had days like this before. I'm going trading small on Monday til I get my act together again. Glad the weekend is here and get a chance to sleep in. P.S. this is probably a stupid and pathetic message too, just like my day. May the trade be with you Steven