Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (675)	4/20/1998 12:09:00 PM
From: Carole	Respond to of 1720

[Chat] Actually, I have selective memory. Just now when I logged on and saw your message I had to think for a minute about the stock you were talking about. :) It only hurt for a little while. I was happy on Friday at 3/4. Also I had a dog for sale today and finally got out with a tiny bit of profit. Almost all cash except for AIRM and BJCT.

To: HeyRainier who wrote (675)	4/20/1998 12:35:00 PM
From: Robert Graham	Respond to of 1720

Excellent observation. Many traders seem to be able to handle a drop in the stock after they have purchased better than a significant increase after they have sold. Kind of backwards to me too. This is despite that they have booked good profits from their trade. Frequently their next statement is "so I will need to hold longer next time". It is responses like this from traders that tell me who are likely to survive their learning curve from those who probably will not survive their trading experiences. Their last statement is making the big assumption that next time will be identical to this last time. In this case, what will they be basing their next likely decision to hold on? What their current stock position is doing, or that they happened to miss profit on a previous stock selection on theirs? They quickly forget that they were prudently following rules designed to help them manage the risk of the trade. When "I could of had" type of profits allows a trader to overlook the risk of the trade, only losses will eventually result. Bob Graham