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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: bdog who wrote (11196)2/1/2001 9:46:27 AM
From: Trader X  Read Replies (1) | Respond to of 12039
 
cut losses quick

you have to take the emotional aspect out of the equation.

What does it for me, is to define what is an acceptable loss, say 10%, and put in a GTC stop loss.Then it's totally out of my hands. If the stock dips, I'm out. Sometimes I get whipsawed out by MM games, but it works great 80% of the time.