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To: Robert O who wrote (1706)	3/25/2013 4:29:50 PM
From: The Ox	Respond to of 8239

Yes, very true. What happened was that when it broke down into a new low, I debated whether to keep the initial 75 downside stop in place or just get out! Naturally, it was the wrong move! At the same time, dropping a few dimes is better than dropping a few quarters. I do like the fact that what I was seeing in the chart is what transpired! I tend not to take positions in the falling knives until I see the turn or what could be the start of the turn. Even with PCYC at that point in time, it would have been wiser to buy where I did after it rebounded back to that level off the new low. I would have then calculated my stop at a new "lower low", versus being nervous when it made the new low right after I purchased. I've found it much safer to buy in this fashion.