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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: james-rockford who wrote (42665)	1/6/2003 1:02:44 AM
From: Ira Player	Respond to of 43080

My resolution is similar, but still different: When the price hits my original estimate and gives hints of reversing, sell (or buy if short). My biggest failures this year were holding because things still looked like they could move further...when my original gain had already been hit, only to watch it deteriorate. Of course, there have been times when I've taken my 10%, only to watch it climb another 20% and get angry at myself...What should I have seen...what should have old me to stay in... My plan is to stick to the plan...If I short expecting a 10% drop, I'll get out and be happy with the 10% when it starts to reverse, even if it later continues down, because it will have met my original objective. If I'd have done that consistently this year, I'd be significantly better off. When I stick to my game, I do better. My game is "4 yards and a cloud of dust...", not the "Hail Mary Pass" Ira