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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (7353)	12/18/2003 3:46:57 PM
From: The Ox	Respond to of 13403

OT: The key to successful trading is to make winning trades (as simple and obvious as it sounds). Whether it's $1 dollar gained or $100K gained, the point is to make gains. To use a baseball analogy, you can bunt for a hit or hit a grand slam but they both only count as one hit in your average. Cut your loses quickly and let your winners run. Don't worry too much about a losing trade because, if you trade often, you are going to make them. Just like a batter is going to make some outs. It's part of the process. Swinging for the fences with a bat that is too heavy is a very difficult task, very similar to putting too much of one's portfolio in a single position. Sometimes you make contact and hit it out of the park but you tend to lower your average significantly. Personally, I'd rather have a high average and be VERY picky about which spots I try and aim for the homer. Specifically, when the wind is at my back, aiding the flight of the ball, so to speak! ;) (SYXI in the low 7s was a good place to try and hit it harder then normal, imo.) Using the above advise has made me a much better trader. This year was by far my best ever and I still know there is a lot of room for improvement. Like you, I feel I'm still learning to trade. I would like to think that no matter how much experience one has, there's always some learning that can be done to improve one's performance.