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


To: Doppler who wrote (5847)2/2/2000 7:17:00 PM
From: Dave Shares  Read Replies (1) | Respond to of 9427
 
Hi.

Can I offer a word of friendly advice from a graduate of the school of hard knocks ?

Good risk/reward means you LIMIT the risk. If your risk limit was exceeded, GET OUT OF THE TRADE. That is how you limit risk.

Having limited your risk, you now have plenty left to enter your next trade, and hopefully that one will give you a bigger reward than the risk you took on the last trade.

KLIC broke the double top and is in a positive trend. There are many better shorts out there now, in my opinion, so think about moving on.

This is offered as friendly advice from one who has many times hung in there to see a little loss get very big.

Best wishes always,

David