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Strategies & Market Trends : Puff Daddy's Mo' Money Mo' Problems -- Ignore unavailable to you. Want to Upgrade?


To: Bald Man from Mars who wrote (720)4/2/2000 4:29:00 PM
From: Paul A  Respond to of 896
 
Baldman- I cant agree with you more sir..

over the last 3 months I have started doing alot of 'buy stop' orders.. if XXXX breaks out above this point, I jump in.. set my stop, and typically can get out within a day or two with an easy return.. I would say 8 out of 10 trades have worked for me doing this.

I think too many people go insane trying to make every trade a perfect/profitable one, and little is put behind money management skills. I learned that money management is priority one when I lost almost everything getting squeezed on my ADSP short earlier this year..



To: Bald Man from Mars who wrote (720)4/2/2000 5:04:00 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 896
 
Baldy, great post...this thread is just beginning its rennaissance, IMHO...



To: Bald Man from Mars who wrote (720)4/4/2000 2:49:00 AM
From: akirasawa  Read Replies (2) | Respond to of 896
 
Baldy, you know, in your latest posts you are letting it slip that you know what you are talking about.....whereas once I read your posts for comedic value now you seem to be right on target with your observations. Good Show!!!!...of course thats not to say you arent still the most hilarious poster on SI....