Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (43922)	5/12/2005 12:04:34 PM
From: XoFruitCake	Respond to of 206093

KB I agreed with your article here, it is very hard to take a loss and decide that you really don't understand the price actions of a stock (or at least don't understand enough to predict the price action). Also I think you and others advocate many times the virtue of having stop loss (or at least a mental stop loss) in place. The oil price drop to 48+ this morning was a surprise. I checked all my facts and data and got to admit that I don't understand why it drop so much (unless the market is predicting some kind of reduction on demands). I traded out of all my energy position (VLO and PTEN). I am profitable on both of them but wished I have use some stop loss (VLO was up 100% for me when it was at 80. Now it is up about 25% after all said and done. PTEN up very slight, probably enough for a trip to Hawaii but not much more). Since I view investment as playing poker, right now it is a game that I don't understand and I need to stand aside for awhile to understand it more.