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To: isopatch who wrote (85890)	2/1/2001 11:30:38 AM
From: chowder	Read Replies (1) \| Respond to of 95453

Iso, >> What sort of %age do use generally use on a mental stop loss if a position goes against you? << I use 8% for ST trading. I have a different view with LT or intermediate term trades. If a stock drops 15% and I don't add to it, I sell it. It doesn't make sense to me to hold a stock down 15% or more, in hopes of it coming back, and not add to it. If it's going to come back, I might as well make money on it as opposed to breaking even. LT runts are different. I close my eyes and wait. PVII is an example. dabum

To: isopatch who wrote (85890)	2/1/2001 2:06:07 PM
From: chowder	Read Replies (2) \| Respond to of 95453

Iso, >> Looks like, if you're not there already, you're well on your way to being one of the best ST traders here. << Ha! I'm still making too many mistakes to claim any fame. Although my port is near an alltime high, mistakes have caused me from "incredible" gains. I should have sold INSP on the news in after-hours while I was up 33% for a two day hold. Instead, I got greedy and thought the open would drive it higher, it didn't. I bought RFMD two days ago and it was up nicely yesterday. I should have sold and didn't. I made the right move on SSTI and NANO yesterday. I can buy them back cheaper. I'm not whining about my mistakes, I expect to make more of them. The key for me is to maintain what works, and learn from what doesn't. When you're green you're growing! When you're ripe you're rotten! dabum