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

To: advocatedevil who wrote (47885)	6/13/2001 12:28:55 AM
From: John Trader	Respond to of 70976

AD, Thanks for the inputs on your approach. As for me, I think the hardest thing for me to do is to sell something. Perhaps this is because I started as a buy and hold guy. When I do sell, I tend to be amazed as to how quickly the stock goes down to my target price, at least in this current market we have here. One trick to this whole thing I guess is to adjust one's style to fit the current market environment. John

To: advocatedevil who wrote (47885)	6/13/2001 10:03:29 AM
From: Jan Crawley	Read Replies (2) \| Respond to of 70976

This is quite interesting, just sold my Amat shares at 55.26. Regards.

To: advocatedevil who wrote (47885)	6/13/2001 12:49:02 PM
From: Jacob Snyder	Respond to of 70976

re: "devise a plan and stick with it. I can attribute most of my trading mistakes to the times I've deviated from my plan. Perhaps the most important and difficult thing we can do is to admit to a trading error and take the loss. " Well said, and I agree emphatically. I've done best when I had a simple plan, and a simple backup plan, and rigidly followed them. This is true whether I am short, long, shortterm, or longterm. Knowing when to use the backup plan is the hardest part of shortterm trading. Is it a fakeout breakout, or not? I think it's best to decide what will trigger the backup plan, when initiating the position, not as I go along. And it's best to do things in increments, because it's impossible to know exact tops and bottoms.