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To: Temple Williams who wrote (63598)	12/3/2000 9:55:51 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Mr Temple: (vbg) Thanks for sharing that very insightful reply. Your post should end up on the "cool post list", as it is a must read for any beginner and a good refresher for anyone that has managed to be successful at this business... Regards, LG

To: Temple Williams who wrote (63598)	12/3/2000 11:23:50 AM
From: Daveyk	Read Replies (1) \| Respond to of 99985

Excellent contribution.This has been my first full year as a full time trader and I've made just those mistakes.Fortunately only with a couple small positions in LU and MOT.I had my sell signal on both;LU at 39 from 41 entry and MOT at 33 with 35 entry. I ignored both because"they were small trades and I'll hold them for years."It will not happen again no matter the company a trade is a trade and the dollar amount being small still doesn't make for a smart business practice.Guess maybe now I'll graduate from the school of hard knocks.In my case I find a little paranoia helps me trade better and booking an early profit feels better than a small loss.I have learned to usually let winners run and sell losers quickly but usually now has to become always sell the loser quickly.A quick few points profit may only turn out to be only a 1/2 point profit but it should never turn into a loss.Learning this the hard way too.ggg It's good to learn from others mistakes but I'm finding that my own leave stronger impressions.That discipline is easy to forget when things go too well.I appreciate those who share their methods and even more so their failures that we all might learn the <easy way.> Dave from da school of hard knocks

To: Temple Williams who wrote (63598)	12/3/2000 11:29:39 AM
From: flatsville	Read Replies (1) \| Respond to of 99985

Nice response Temple...Words of wisdom....Copied and saved.

To: Temple Williams who wrote (63598)	12/3/2000 11:00:24 PM
From: tigerman77	Read Replies (1) \| Respond to of 99985

temple thank you for taking that time to write an exellent post...greed and fear i agree are a part of every trade....if i would have used stops on my previos trades i would be in a much better position today....also when i was using small trades of 100-200 shares i was also doing better...then greed appeared and one trade of ik shares wiped out 2 mts of profits....i put these examples of my own mistakes to only confirm the great post you just wrote....thanks and good luck...