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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Darth Trader who wrote (3144)	2/22/1998 3:12:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 12617

>>>I've learned that taking profits too quickly is no way to get rich either!<<< Darth, I won't argue that point, but hindsight is always 20/20. We can all look back at successful trades and see that we could have squeezed some more out of them. A lot of us can look back and see how much we gave up or even lost because of holding out for a little bit more. I would suggest that if you look back at many trades and see a pattern of consistently getting out too soon, you should adjust your exit criteria, but at least you can do that from an experience of several profitable trades behind you. I think the "wisdom" is appropriate for someone who just made 150% and "It was my first buy and sell b/c I just start trading. Now I am kicking myself b/c it is trading around .45." Dan