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To: Donald Wennerstrom who wrote (12535)	6/29/2012 3:02:45 PM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

OT: What can I say Don... we are quite obviously a couple of idiots. We have a better than 80% upside day going today. Were I long with the market rallying into earnings season during the summer months I still would advise caution. I mean that! We both have to agree that means mortgage the house again, buy as much stock today as you can on margin, and reap the RtS contrarian gains! I don't mean that! LOL, RtS

To: Donald Wennerstrom who wrote (12535)	6/29/2012 3:23:51 PM
From: The Ox	1 Recommendation Read Replies (1) \| Respond to of 13403

OT, The more I trade, the more I believe in protecting your capital first and making gains second. It's always simple in hindsight but in the heat of the moment, it's not that simple. Taking small losses or taking a small gain off the table if a stock is going against you is an excellent decision. The more I've talked to seasoned traders, the more I hear the same thing: they have more losing trades than winning trades but they let their winners run and cut the losers short quickly - before they become big losers. The more I practice this in my day and position trades the better I perform. First and foremost, protect your capital as much as possible!