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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (39796)	8/6/2001 2:00:01 AM
From: Sully-	Read Replies (1) \| Respond to of 65232

Thanks! I needed that RR. I really need to get better at cutting and running when a trade is obviously going against me. I do not place stops as I have seen them get run many times on a number of stocks. I need to be more conscious of mental stops & just cut & run when the stop is hit. Unfortunately, I often talk myself into thinking that I am more of a swing trader & that I tend to jump in on my trades a bit early, but the trend generally turns my way within a day or two. The problem with that thinking is that in this environment, if I'm more than a day or two early, my position can really turn ugly on me. When this happens, I can look back & see that if I had used a tighter stop, I could have entered at much lower prices & closed out a new trade with even more profits. It's a bad habit I must break. Thanks for the head slap ;-) Tim