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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: Peach who wrote (611)	6/14/2001 2:59:19 PM
From: Augustus Gloop	Respond to of 10077

Sorry :-(

To: Peach who wrote (611)	6/14/2001 3:04:08 PM
From: Atin	Read Replies (3) \| Respond to of 10077

Just read this on theStreet.com today written by Todd Harrison: "... the mark of a good trader is how you sell." Words to live by -- I've realized lately that money management is key to trading profits. I've read studies where trading systems took random entries but used stop losses/trailing stops/profit stops etc and still came out even. Think about it . . . just using stops etc one could potentially break even regardless of the entry - that's pretty powerful. Combine that with even a pretty low profitablity stock choosing methodology and you could come out ahead. Plus the advantage of feeling somewhat in control . . . no hope, just predefined risk (in the absence of gaps . . . I guess those are considered the cost of doing business). One of these days I'll learn this lesson too :)