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.

Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (16852)	5/6/2010 9:34:05 PM
From: SGJ	Read Replies (1) \| Respond to of 24758

To make a long story short I got cleaned out several more times without using options or margin I had a good thing going in commodity futures back in 2001 and then one day got burned badly by a similar clean out drop in cotton. Blew through my too far down stop and back up higher than open in less that 20 minutes. Took what was left and closed my Lind-Waldock account for good the next day. Have never used stop-losses since.

To: ahhaha who wrote (16852)	5/6/2010 9:46:06 PM
From: sixty2nds	Read Replies (1) \| Respond to of 24758

I have even more respect for you now. I left blood on the asphalt for 2 decades. The crown was stolen 60 times minimum. No complaints. I earned my grubstake for the Trade Portfolio. One shot. I knew that was it. No derringer here. I went 1/3 in in August 2000. No chit. Quality techs 4 of them. When it went south another 30% in went the next 1/3. Same 4. The market kept dropping. I decided to hold the 2/3...see what I could salvage. None broke even over the next 6 years. I worked the other 1/3 differently. One must never surrender. Folding a hand is not surrender. Those 2 straight flushes that beat my flush and Ace high flush on consecutive days should not have happened either... As da Chief would say "snort" Grace & Peace, 60