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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (16813)	10/4/2002 5:31:13 PM
From: Tim Bagwell	Respond to of 42834

>>>The sad part is that QQQ would have to quadruple just to break even. <<< Yes. Plus some if you include the opportunity cost which is the interest lost over the period that you wait to break even. Then you can add inflation too. It's a huge compounded effect. If Bob is right about this being a secular bear then quadrupling the Q's could be measured in decades. So in practical terms, the trade is dead. All we're waiting for is some relative strength to put it out of it's misery. The only way to right a bum trade is to keep trading and learn from your mistakes. Quitting just isn't a viable option unless you are ready to write-off the loss and swear-off stocks forever.