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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen who wrote (127)12/12/1997 6:35:00 PM
From: Blue  Read Replies (1) | Respond to of 1100
 
2morecents: I consider sometimes a very small loss (like 2%) or very small gain (just made back my commission) to be like a stop loss sometimes. Sometimes I will sell out for a $0 or $30 profit...sure, "let your winners run" but if it ain't working out as planned, just move on. (Like if you hear that the expected news release won't be for another month, get out quick unless you are 'investing' in the stock.) Personally I try to distinguish between my investments and my trades. That's hard sometimes.



To: Jurgen who wrote (127)12/12/1997 6:36:00 PM
From: Mike McFarland  Read Replies (2) | Respond to of 1100
 
Stop losses are nice, especially when
you're in the money. I used one today,
and while I did not get stopped out
anyway, it did give me piece of mind I
needed to get emotionally detatched.

It is really nice not to have to watch
the market...place your bet and walk
away. I have also noticed, that for
me, it is very hard not be emotionally
effected by movement in the Dow. Stops
mean I dont have to watch and care--it
is out of my hands, the decision is
made.


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