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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (1976)	10/27/2000 3:15:39 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 2850

Nine Rules for Professional Traders © 2000 TLC may not be reproduced without written permission 1. Cut your losses and let your winners run. Corollary: Be willing to make more than you are willing to lose. Corollary: You can let your winner run and take a profit at the same time if you get out of part of the winning trade the first time the stock retraces. Corollary: It's OK to add to a winning position. Corollary: Know your reward/risk ratio before you make the trade. Corollary: Maintain a tight stop on every average up or average down and exit that position the moment the market tells you you're wrong. Corollary: Take a small loss before you have to take a big loss. 2. Let your strategy fit the stock; don't try to force a trade into your strategy. Corollary: Let the trade come to you, don't force yourself into a trade that you don't like. 3. Only play with what you can lose. 4. Get the right entry point and the exit point will take care of itself. 5. Exit a long position when you would go short. Exit a short position when you would go long. Corollary: If you are short and wish you were long, or long and wish you were short, exit the trade. 6. Learn something every day. Corollary: The lucky smart people will eventually take the money from the lucky dumb people. Corollary: Don’t assume you are smarter than the person on the other side of your trade. Corollary: If you don’t know who the fool is, the fool might be you. 7. Look at what is happening, not what you thought should have happened or what you think might happen. Corollary: The market doesn’t care if your account is up or down. Corollary: If you can't read the chart, stop trading the stock until you can. Corollary: “Know” is good. “Don't know” is OK. “Think” is dangerous. “Believe”, “Hope”, and “Fear” cost money. 8. Don’t trade on emotions. Corollary: Leave psychology for the rookie that is taking you out of your winning position. Corollary: If you must be emotional, then fear a loss and hope for a profit; don't hope for a smaller loss and fear a smaller profit. 9. Make your own rules and stick to them. Corollary: You can break your rules and get away with it until the time you don’t get away with it. Corollary: The more rules you break, the riskier the trade. Corollary: The money goes to the guy with the best plan. Corollary: If you consistently break the rule and win, change the rule.

To: John Pitera who wrote (1976)	10/28/2000 4:44:13 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 2850

Hi John: I'm going to add SAWS to the same space as CAMP. They just had blow out #'s and landed a contract to supply CDMA filters to China. Hoping it pulls back. I purchased some DVN after I forgot to remeove an order. While I like the price and we are to have a cold snap for the next day or so in NE I'm thinking we are in a down wave for the oil sector that can still run deeper. DVN has been hurt by the rapid build up in NG inventories. The earnings report looked good. I'll probably sell Monday or Tuesday and see if the retest of $50 holds. Tim