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

To: Dave Shares who wrote (4604)	1/9/2000 11:42:00 AM
From: arno	Read Replies (1) \| Respond to of 9427

Dave, Your 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 ? I guess this is where you need to decide if this money was "trading" or "investing" capital. If I was trading and had a 10% or so gain in a day or two, I would have sold at the first sign of a breakdown. You need to be nimble. If I was investing, and the stock was still in the "plan" I would keep it until it violated the "plan". When I'm "trading" I only have one stock I'm watching continuously. On very rare occasions I will have two. It's a tough question and I'm interested in the replies you get, too. I think every investor/trader suffers from this dilemma. arno

To: Dave Shares who wrote (4604)	1/9/2000 1:14:00 PM
From: Richard Ruscio	Respond to of 9427

Dave, I too continue to have trouble with "when to sell". I usually have 2 modes of playing the game - when I have more time to pay attention, and when I have less. When I have less time, I'm "investing" - follow the plan, let the stock stop me out if it needs to, tighten the stops daily or so on rising price action, and if I ever get to the happy place where DW recommends selling a third or a half, do that. When I have more time, I'm "trading" - with the big difference being that I'll either tighten the stop intraday, or if I really don't like the way the trading feels, I'll change the stop order to a market order and bail on the spot. I wish to Heaven that there was some way I could make this more mechanical ... without giving up my day job. I to am REAL interested in this subject, having played and playing with QCOM, JDSU, EXDS, CLRS, ARMHY, and a few other colon looseners. Best P&F to all, rr