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Strategies & Market Trends : Your Worst Trading Enemy.. You -- Ignore unavailable to you. Want to Upgrade?

To: shawnwolff who wrote (133)	1/20/2001 12:35:46 PM
From: RobQ	Read Replies (2) \| Respond to of 223

Shawn, Thanks for ending that discussion with Dr.no . I appreciate your being her in your spare time and would like to keep the discussion in the vein of trading Psychology. Steve, I too sell part of my positions for a profit when I suspect a downturn. "Hedging my bets" against being wrong and "keeping the company on my radar" are my inner reasons for doing so. I think it's psychologically sound to limit the regret factor in case we're wrong. Strong regret can affect us too strongly in our next trading decision. Make sense? -Rob

To: shawnwolff who wrote (133)	1/20/2001 1:41:38 PM
From: Steve Felix	Read Replies (1) \| Respond to of 223

shawnwolff, As I'm buying uptrending stocks I move the stop to or just below the current trendline. I also like to find whichever moving average the stock is using for support. They can be quite different. No offense, but you speak like a true daytrader. Nothing wrong with that, we are just in different places. Software for trailing stops? <ggggg> If I said four bagger, I suppose you would laugh. You just don't hear that kind of thing anymore. Who would ever hold that long??? I would. If the stock will let me. Your comment about loving this really struck home. I love to study stocks that are going up, or have gone up. I find new ways to study them all the time. After all, that is what I'm looking for. Amazing what I can learn studying their charts. Trivia: How many Nasdaq stocks that were between $10 and $20 on Oct. 1, 2000 have doubled as of Fri.? Nine. How many of those fell fell in the $15 to $20 range on Oct. 1.? One. TALX. Hmmm.. Where should I cast my line? <lol> I have strayed way off the course of trying to study my unstoppable little volume accumulators. I have some info I need to study on that.