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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (425)	1/31/1998 10:01:00 PM
From: Ken Wolff	Read Replies (1) \| Respond to of 2120

KZAP, Unfortunately there are many people in your situation, sitting on their "dogs", waiting for the day they will break even. My advice to active daytraders who have money tied up in these dogs, who could really use that leverage in their day to day trades, is to cut your losses and move on. Hang a sign above your desk, right above your monitor with the following words Discipline.......Honor your exit point........Discipline You may miss out on a few "exceptions" that rocket to the moon, but you will never be caught sitting on "dogs" ever again. Can you tell I like that word Discipline?...... :) Ken mtrader.com