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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Mark Johnson who wrote (23418)	8/8/2001 7:17:29 PM
From: Steve Lee	Respond to of 30051

Mark, 1) don't risk more than you can afford to lose. Then your ass doesn't get kicked too bad. 2) match the size and type of trade to your level of confidence and ability to spend time watching your investment. For instance, I made a losing trade on a MU short recently. I got out when it reached the point where I didn't want to lose any more. Then when it became even more evident that MU's price would not hold, puts were purchased. The short loss was a small percentage. The puts were up more than 30% at the end of today. Where do you think MU will be before my puts expire in September?