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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: brian krause who wrote (29301)	3/4/2000 1:34:00 PM
From: Lola	Read Replies (1) \| Respond to of 36688

Good post Brian. The time value of money is a very important part of successful daytrading. If your money is tied up in a stock that just won't move up or is tanking you don't have the use of your money to make more money elsewhere ... that's why it's so important to cut your losses early and not hold on to a loser. It can be a very difficult thing to do but I've found that cutting my losses early has allowed me to recover from them more quickly as I take advantage of newer opportunities. I've even taken some very big hits just so I would be in a better position for recovery when a good opportunity came up ... cash really is king and a good daytrader should keep reminding himself of that. I was having an ok week until Friday but I wanted to end the week much better than where I was at so I moved around more quickly and taking less profits than I would normally but trading many more fast moving stocks. My ego was saying hold for a double and my mind was saying lock in your profits now and move on to a more sure thing. Lola:)