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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (28698)	4/1/2000 1:59:00 PM
From: Wes Stevens	Read Replies (1) \| Respond to of 56537

Max, the forcing trades is a big part of it. I sold everything early and then waited quite a while till I got back in. Instead of trying to catch the bottom, I waited till I was sure that we were recovering to get back in. The other was the old rule cut your losses and let your winners run. I have been bad at both lately. I had one trade go the wrong way last week in a hurry. I was down 5 points in the blink of any eye. I held it when I should have gotten out. On the other end I have sold stocks that have not hit my stop just because the market turned a bit just to see the market come back and the stock also. The bottom line is that we have to have rules and follow them without emotion. When I do this I never have a really bad day. Then the good days come along and we make money.