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To: lisalisalisa who wrote (170417)6/5/2002 2:33:46 PM
From: Oblomov  Read Replies (1) | Respond to of 436258
 
discipline? You're putting a lot of cash into one position if that position means the difference between 70% cash and 70% invested - 40% of your portfolio to be precise. I wouldn't put more than 5 or 6% on one spec...BWDIK



To: lisalisalisa who wrote (170417)6/5/2002 5:44:25 PM
From: maceng2  Read Replies (1) | Respond to of 436258
 
Discipline is not losing your marbles completely when you make a mistake. I made a mistake yesterday.

I sold no miners (never intended to either) but tried to buy miner poots yesterday. I was a bit silly and didn't buy any 'cause i wanted a "good deal".

So you make a mistake and the real test is do not compound it. Work out the best logical response to the mistake and stick by it.

In my case it's do nothing for two days and maybe buy some lows (BTD if it occurs). Possibly even buy calls.

When you make your own decisions and lose it's OK. Your doing your best. It's when you just "react" is when you make the biggest mistakes and get torn a new A/H. (imho)

Remember 90% of traders LOSE and go BUST. You gotta be better then 90% of us over the long haul -g-

Fundementals say to me holding miners right now is better then taking a big loss. I'd say it's almost worthwhile just ignoring the market and come back in a week or two.

If it was techs you were holding I'd suggest sell. Just a "imho" -g-