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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: willcan who wrote (14618)6/20/2002 3:05:50 PM
From: waverider  Read Replies (3) | Respond to of 36161
 
willcan...

OK, the FIRST thing you need to do is access WHY you bought this past month. Was it for a a long term thing based on the overall condition of the equity markets? Or did you jump on the band wagon after the party was slowing down and now are worried about what happens next?

It is critical that you make the above determination for the future health of your portfolio.

If you can still hold if the XAU corrects down to 73, then don't worry about it. If you think a more serious correction will cause your emotions to bail, then set your stop losses now and don't stress.

Just a personal perspective.

wr