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To: Snowshoe who wrote (28155)	11/11/1997 5:00:00 PM
From: Autumn Henry	Read Replies (1) \| Respond to of 58727

Greg, thanks so much for that post. Yes, some of those type of posts are just heart chilling. My first foray into that knowledge (after I had my own "learnings" at the beginning--as I was an absolute raw recruit with no skill whatsoever or knowledge except I seemed to have a real knack for bull momentum. I don't know if you know it but I started with l6,000 (l0,000 borrowed!) and in l0 trading days from opening my account of l6,000..............I had 273,000..........I never even knew what a chart was.........or what would happen if you suddenly bought 30,000 shares of a stock one day and the volume was about l20,000 and that when you tried to sell 30,000........:)-----it was like a wolf having to eat it's own foot to get out of the trap............or, that l80,000 shares of a .l0 a share stock using all my capital....was a bit risky...:)----Heck, I would have made alot more but my broker talked me out of it the day before at .8.....:) Heck, I didn't even know stocks went down......I thought they always went up......seemed that way when I talked to my mother who invested for years.........:)......I consider it a near miracle I am still around. I did create alot of psychological damage though that I continue to recover from. I have made alot, lost alot, paid alot...(38%), ...lost alittle, made alittle, trigger happy, frozen trigger.....you name it.........all in the space of l l/2 years. As "dumb" as I am now, I am less dumb, and less dumb is better than more dumb any day......:).....except when I didn't know any better and reaped a near 275,000 windfall time.......:)--- of course you know I couldn't be that lucky dumb again as I am too smart for a windfall like that---the irony of "less dumb". Anyway, my foray when I discovered stop losses were good......:)...was when I got zinged for 6,000 on SYSF as it was just finishing it's high run in the mid 30's......I took a 3 point loss and licked my wounds.....my leash wasn't as tight then......and then I watched incredulously as the stock tanked........this stallion stock tanked and I would go to the thread to try and understand how that happened to a stock. I would watch the conversations and devastations with "investors".......no stop losses......waiting, waiting, agonizing, money tied up, margin calls, etc., no major hope, etc. .....and now more than a year later the stock is still in the tank....... I am all for stop losses for traders and investors since watching those kinds of stories and having my own. I have had to learn from the ground floor "on my own"......you people at SI have been invaluable to me on many levels. Thanks for the post Greg. Thanks for listening. Autumn btw, my "confidence" was helped by winning two contests in a very elementary beginning stock class by a broker (who was really farming for clients)...before I started paper trading for a couple of months then real trading........the first class I took I didn't follow the rules (didn't know you couldn't start daily trading...had to hold a week!) but I took pretend 25,000 and made 8,000+ on it in about 2 l/2 weeks---but I couldn't get the prize even though I made much more money than anyone.......then I took the class again so I could "really win" the contest....followed the rules and took pretend l00,000 and in 3 weeks made another l06,000 to add to it.....(almost killed me to hold for a stock for a week!).....but you see that is how I came into the market...........that was the reality I knew.........