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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (460)4/4/1998 7:20:00 PM
From: Playin my Cards  Respond to of 927
 
You are responding to this message from Wayne Van Scoyoc on Apr 4 1998 10:57AM EST

<<I tend to follow my system on when to go in, but getting out is far more difficult.I often chicken out !! >> You need about six months of greed therapy. I've flunked out of therapy several times myself, but I think I'm much better than I used to be. Take care.


Unfortunately, the only way to learn not to be greedy is to be
greedy then kick yourself when the bottom falls out and you loose all
your gains. Pick an exit point and put a limit order in. Take your
gains
and never look back.

Have I graduated? Well, not yet. But I have a couple pennies that
I am in right now and I have put my limits in and will not change
them (unless I see the stock faltering...selling early is not as
bad as selling to late)

Let's hope I learned my lesson.

Mike