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

To: Gaston Teran who wrote (15730)	12/18/1997 3:27:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 50167

Gaston, I'm surprized and in a way delighted you find selling for a profit easy. I'm tempted to ask how much profit, or when to take profits. I like the simplicity of having a "predetermined plan," which must mean you set your exit at a trend time/target, %age move or get out within a predetermined time frame regardless. Most people leave the upside target blank (when to sell), they don't set one.. therefore they never have a clear idea of being satisfied that its time to sell UNLESS the stock begins to retreat... then they ususally say to themselves that the next time it goes up they will sell... and when it does they ask for just a little bit more. When they don't get it, many others like them start to sell at lower prices driving the price down... and we see a typical acceleration of selling as the apparent opportunity begins to get out of reach. thanks for the post. Jim