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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: If only I'd held who wrote (84269)1/3/2000 8:54:00 PM
From: Stuart T  Respond to of 90042
 
You don't have to trade in 500 or 1000 share lots to make money.

While these size lots make it easier to spread the commission costs, thereby reducing your total cost per share, you can still make money on smaller trades. A big part of trading is not putting too much of your total assets in any one investment. There is a lot of information on SI regarding money management. It would be worthwhile for those not up on the subject to start doing some research.



To: If only I'd held who wrote (84269)1/3/2000 9:53:00 PM
From: darline cook  Read Replies (2) | Respond to of 90042
 
Great info and so true! I am happy with a point- of course
i would take more:) if opportunity is there. From learning
the hard way i think the most important aspect good trading
is stop loss,s so you have $ to play another day. I was down
as low as 6K from 40K just 2 weeks ago and slowly surely each day have worked myself back to 12K. Still have along way to go But have confidence i will get there. most of my loss,s were incurred from following Hype on momo threads
where i no longer post. I guess i had to learn the hard way!
You can have 2 trades for a point with 100 shares=200$ or one trade for a point with 200 shares+ 200$, it adds up. The
key is minimising loss,s cuz if you lose 4 points on 100 shares that = minus 400$.......Ouch I stop out at 50 cnet s
to 14 and buy back if chart looks good again later
Darline