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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Michael Friesen who wrote (11840)	2/14/2001 4:11:58 PM
From: KymarFye	Respond to of 18137

I don't disagree, Michael. Depends on the shock and the stock - the reasons for it, stock-specific and overall market conditions, and so on - admittedly it can be a very risky thing to do. AAPL was a real killer - up more than 4 the session before it dived. It was one where you might have said "the techs are tanking, box-makers especially, should probably just take my medicine." If you'd decided to hold, you'd still be waiting to get back to where you were the morning after, "turned into an involuntary long-term investor." On the other hand, you wouldn't be a lot worse off either. If you'd placed only a reasonable bet, you might be alright immobilizing that fraction of your capital for the time being, then again, maybe not. If you were (as was suggested here recently in one example of a possible trading plan) trading virtually your entire account on every trade, perhaps including margin, too, then you'd be busted... so it wouldn't be much of an issue.