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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Hawkeye who wrote (385)	8/2/2000 10:17:57 PM
From: gene_the_mm	Read Replies (1) \| Respond to of 1426

HAWKEYE... You need to know what your risk tolerance is (in other words what you can afford to lose). A stock like the one you describe can move very, very quickly against you. Your 'slippage' (slippage is the amount of money you lose in between the moment you decide to sell a stock and the ACTUAL execution price) in such a stock could easily be 2 points or more. Even if you feel that this risk/reward relationship works for you, I would consult a professional for his advice on that issue. Remember people, when you are investing and trading you need to know your risk tolerance, how much you would like to make and how much you are willing to lose if the investment/trade goes against. The most important thing I can teach you all is PROPER money management techniques. I believe this factor ALONE is the 'essence' to making money in the markets. All the best, -- Gene