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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (4331)	12/14/1997 11:23:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 120523

The Well-Informed trader: When to sell A lot of people have written me to talk about a stock that they bought higher, and now having missed a sell for one reason or another, they are stuck down some percentage they are not comfortable taking a loss at. Since I rarely advocate averaging down, and only then for really good reasons that those who do it already know, here is how you tell when you should sell: Ask yourself if you would buy this company at today's price. Is the Fundamental analysis is good, are the prospects are improving, and does the stock looks to appreciate in price? If you would discover this stock today, look at it and decide it was a good buy, then keep it. If your answer is the opposite, then sell or sit on it. You can't fix history. You can't change that you bought it or missed a selling point. All you can do is decide if trading with the few bucks you have in it now would make more sense than opening/adding money to another account to trade with. Personally I would vote for the latter. I didn't start out with multiple accounts. I started with one like everyone else. Now I use the six of them to trade different methods, differnet sectors, different capitalization levels and different time periods. But for my first account years ago of $5 grand, I never felt too bad that it got to $1 grand in 6 months. I learned from every trade. Was it expensive to learn that way? The cost is relative. It was much more revealing than paper trading, courses, or all the magazines & books I had read. It also helped appreciate the use of stops. The value of stops took about 15 minutes on one trade to permanently ingrain in me... lastshadow