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To: YlangYlangBreeze who wrote (4077)3/2/2000 8:11:00 PM
From: Jill  Read Replies (2) | Respond to of 8096
 
Here's what you do, take your profits from your JDSU trade of yesterday and today, and go to your jeweler and slap down the dinero and say, "I want a pair of double steel cojones like Poet's, and a jewelry box to store them in." Then you go back a week later and pick them up and put them on your dresser and every morning before the open you pray to them and then you'll know when to hold em and you'll know when to fold 'em



To: YlangYlangBreeze who wrote (4077)3/2/2000 8:17:00 PM
From: Poet  Read Replies (1) | Respond to of 8096
 
YYB, First, you slay me! It was edamo who first talked about his using WSA here. Then I looked at it. You and I talked on the phone about it and you jumped (I've been a bad poet and haven't transferred yet), soyou're on it faster than I. Talk about gutsy!

As for the number in my head, I sometimes will set a GTC sell order on a trade I think is moving fast, just as soon as I buy it. Other times, I watch the position closely as soon as I've bought and if I've timed it perfectly, like I did with selling RMBS puts yesterday, I'll see a quick profit and take it. I guess for me at this point, a 5k profit within an hour or two is enough to make me sell at market in a heartbeat. Remember, you can always do the trade again if the right conditions arise.Take your profits when you've got them, especially in volatile markets.