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To: Tommaso who wrote (136990)12/3/2001 10:34:40 PM
From: GraceZ  Respond to of 436258
 
What was my advice? I gave you no advice. I simply pointed out that there was an error in the way you were calculating the difference in risk. I even pointed out that it could bounce to a buck. I said the odds were better in roulette and it only depended on what your personal preference for gambling.

I said that precisely because in my opinion if I made that trade and lost the $250 it would piss me off and if it went to a buck I'd be really pissed that I'd made a trade that returned 300% and I'd was too chicken chit to put real money on it. To me that seemed like negative negative. After all, you were bummed out you only made 35%!

Don't be a baby and pin your inability to stick to your original plan on me. That's the real problem with trading, if you have no conviction its extremely difficult to hang tough when it looks like it might not work out as well as you planned. How in Hell could anyone have conviction about where that stock was going today? Regardless of what anyone tells you there is absolutely no way to tell which way a stock price will go in the short term, none.