Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (15712)	12/18/1997 8:26:00 AM
From: Nemer	Read Replies (2) \| Respond to of 50167

Good Morning Jim; OEX ...454...458...459... // > (460.50) < // ...463...465...468... Sounds like you're describing me when you talk about the monkey....ggg Regards----Nemer

To: j g cordes who wrote (15712)	12/18/1997 9:46:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 50167

HI Jim--you have very eloquently explained the dilemma of exiting trades properly. The irony is that we all spend an endless amount of time and employ various techniques to determine the proper entry points -- but when it comes to exiting a trade we don't put in a fraction of the time to determine when that should be. I know that is the weakness in my trading -- and if I can sucessfully address this, I would be a lot more successful in my trading. Maybe someone should start a thread that deals with just the area of "exit techniques and strategies"---though I suspect that it will never make the "hot subject" category, since it does not look to double ones money every week:) Regards

To: j g cordes who wrote (15712)	12/18/1997 1:35:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 50167

Good points: Entry or exit is dependent on the person's mindset. the smart thing to do When you enter a trade is to set down what conditions must exist for you to exit. I bet your conditions aren't the same as mine. We may differ in timeframes, goals, and etc. The real problem with using funnymentals to buy and sell, you have no objective entry or sell point. TA provides that specfic entry/exit point but you have to follow the system. Emotions take over; the fear of taking a loss is the biggest hurdle to overcome.