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To: rrufff who wrote (1237)	2/17/2006 7:00:01 PM
From: Blue h2o	Respond to of 1694

rruff, HISC, that was a piece of work. And I admire anyone that bought that and rode it. I've had three stocks that been 10x. HANS, I first bought at $3. SONS, at .19 GLW, at 1.50 I am not going to tell anyone I held any of these 'till today. That is the down side of trading. Hey, for what it is, this is very fun, and we all hope to get smarter on the next trade. kurt

To: rrufff who wrote (1237)	2/19/2006 6:28:12 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 1694

Excellent post rruff, very well put. << In retrospect, that luck or rather discipline to stay with my own rules was the key to success. >> I wish I could somehow ingrain that into my genes. Or, at least the genes that control my mouse finger. The vast majority of losses I have ever had have been because I broke my own rules. For me at least, it is still astonishingly easy to do, even when you know better. And I agree with you about the 70% bit.... I don't think I have ever encountered or even heard any halfway believable story about anybody doing any better than 70% for anything other than a very short period of time. But that said, provided your average or median gains are significantly greater than your average or median losses, any win rate over 60% will be spectacularly successful. So to me, that means only taking trades that have considerably more upside potential than downside risk, taking partial profits as they appear (i.e., a disciplined, preset exit plan), and setting and maintaining trailing stops. Thanks, T