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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (30117)	9/18/2000 3:36:36 PM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

Dow is back inside the diamond. Next stop is the Oct. 98 trendline.

To: Haim R. Branisteanu who wrote (30117)	9/18/2000 9:53:26 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 42787

Haim, Nobody went to the poor house for selling to early with a profit. Well... that's true assuming Mr. Nobody never picked anything but winners. If he is as good as most of us at picking stocks and fell into the habit of never letting winners run, he undoubtedly accumulated greater losses than his gains and wound up in that very house. I've read about a study done on some 80,000 small investor accounts that showed most of them lost money precisely because they did not let profits accumulate on winning trades, and fell into the bad habit of holding losers too long. Part of the psychology of holding too long has its roots in never taking a decent profit. As much as I hate to admit it, I allowed enormous potential profits to slip away by taking small profits in the past year or two. I'm working really hard at moving away from that. This is not to argue against the point you make that greed can kill your returns, but excessive fear causing you to lock in those little gains when larger gains can be achieved with reasonable risk can do it just as effectively. Dan