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

To: Ronald P. Margraf Sr. who wrote (11685)	3/15/2001 7:12:43 AM
From: Dick Brown	Read Replies (1) \| Respond to of 12039

"If I was to stop myself out every time a stock was to go down, I would run out of money, not only that but I wouldn't be there when it moved up." You need to have a point where you admit your timing was wrong and you need to get out to preserve capital, period.. When down 25% or more you can't hope it will recover..just because it has on other occasions..unless of course that the 25% is a very small part of your trading account.. Why won't you be there when it moves up? That seems to be a problem... In this market where panic is in control I just walk away until calm prevails.. BTW DELL has acted very well considering..