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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: kdavy who wrote (45733)	4/21/2001 11:45:32 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

kdavy, congratulations and thank you very much for sharing your method. I admire the discipline you are able to keep and saved your post in case I can learn from it. Cutting losses early would certainly have saved me money in the past. One trader on another thread has a sign above his computer saying "I can always buy it back". Do you use Dorsey Wright for your PnF charts? Gottfried

To: kdavy who wrote (45733)	4/22/2001 12:15:48 AM
From: Pink Minion	Respond to of 70976

started in 1992 and learned about trading options in 1994. Started with about $10,000 and by 1996 (downturn) had lost all my money was in credit card debt of about $40,000. Worst time of my life Damn Dude, you sound like my story. I didn't use options but used margin heavily. And also did that credit card loan thang. Man, were we stoopid or what? Everyone PLEASE use stop losses

To: kdavy who wrote (45733)	4/22/2001 10:10:14 AM
From: michael97123	Read Replies (2) \| Respond to of 70976

kdavy, I have used stop losses at times and it seems to me that I always would get stopped out before the stock moved. 5% on a 50 dollar stock is 2 1/2 points. I dont think i ever have bought a $50 stock that didnt move 2.5 points lower, usually withing an hour of my purchase. But i do believe you--I guess the 1500 trades is what makes it work. Do you have a day job or is the market your livelihood? Mike-PS Thanks for the nice words and continued good fortune for you.