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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (4572)	1/7/2000 4:17:00 PM
From: Daveyk	Respond to of 9427

Probably won't be long and DWA will be offering him a job.<g> Dave

To: Ms. X who wrote (4572)	1/9/2000 7:48:00 AM
From: Dave Shares	Read Replies (2) \| Respond to of 9427

Jan, Thank you for the kind comment, and please know that you have been more help to me than you'll ever know. Now I need to ask a trading question of you and others on the thread. I want to take a hypothetical stock, ABC, that is trading at 24 1/2. It has a price objective of 40, a trading stop of 22, and the BSL break would come at 20. I decide to buy the stock at 24 1/2, because I like the risk/reward. The sector is good, the RS is in Xs. I watch ABC go up to 26 3/8 intraday a day or two later, and now, it has come back down to 23 1/4. A trading position which had gone positive, is now negative in my trading portfolio. Here is my question: Should I have stopped myself out of this trade above my entry point of 24 1/2, so as not to let a winner turn into a loser, or should I let the trade continue since the original trade stop of 22 has not been hit ? This kind of issue has always plagued me lately, and in an effort to be more mechanical (and less emotional), I'd love some input to see what kind of a rule I can make for these kind of situations. Thank you all for any input you can provide. David