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To: Patrick Slevin who wrote (31875)12/23/1997 5:01:00 PM
From: kiwi  Read Replies (2) | Respond to of 58727
 
Patrick
I hope it is ok if I cut in.
I am mentioning my trades so more experienced traders who post or lurk here can comment and improve my trading.
I feel very little pressure from this because I have lost enough money since Oct. that I have only a percentage of the ego I had before. I post for the same reason they say to talk about the trade after it is complete.
I think you did well by posting that trade this morning. I am learning to place a mental stop before I enter a trade. The discipline is very hard for me but even if you are all watching I have to follow it. Right or wrong it is my money. I admit i felt foolish after bailing on the trade earlier. Now I feel better but I lost money and it could have been worse. maybe next time it will be. None of us are always right (massive understatement for me),<gg>. In knowing that, It should not be hard to admit a wrong move.

In closing I have learned so much from Tom, Kevin, Anolan, lisa, you and everybody else who posts trades, because I can follow their thought process and enhance my trading strategy. I sincelry hope that this is not detrimental to the trades each of you post.
Have a great evening.
kiwi



To: Patrick Slevin who wrote (31875)12/23/1997 5:39:00 PM
From: Electric  Read Replies (1) | Respond to of 58727
 
Patrick,

Actually that was about 3 months ago, I was just commenting on how it was a great call that I slipped on due to being chicken in the bull market. That play is since past, but looking back I kick myself.

As for discussing positions, it is done all the time on here, and I like to hear and tell what is going on. Usually if a person enters, they tell what price and what the position is.

Also I usually take my position based on a few factors, some of which are from the intelligence I have found on this service. I hold the opinions of people I have met here in very high regard, some for technical reads, others for inside scoops and others for experience of trading a particular position or issue. Don, Kevin, Tom, Lisa, Judy, Iqubal, I could go on and on... I appreciate all the efforts from SI..

I hope this clarifies why I like an active discussion, and looking back on past plays can help future ones too..

E



To: Patrick Slevin who wrote (31875)12/23/1997 5:50:00 PM
From: Tom Trader  Read Replies (1) | Respond to of 58727
 
>>Once you publically announce your trade it is much more difficult to admit if you are wrong. etc., etc."<<

Perhaps it may be for some people; I have gone back and forth regarding this issue of announcing trades. At one time I stopped doing so because I was concerned about others following my trades--and not following the same exit disciplines that I do when I am wrong.

I have no problem going public with trades where I am wrong -- basically because I KNOW that I WILL have losing trades and it is no reflection on my trading ability to acknowledge when I am wrong.

My problem not one of correct entry or for that matter cutting losses short --it is with taking profits when I have a winning trade. I am referring to stock and options trading -- when it comes to futures trading it is not an issue since my signals are mechanically generated.

But having said this -- if someone does not want to announce their trades for any reason, I can understand that as well.