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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (40458)	4/20/1998 3:49:00 PM
From: Darth Trader	Read Replies (1) \| Respond to of 58727

I am not a blind follower of Cooper's Book, I like to use his software with Supercharts to flag good momentum plays. On losing positions, I sell 1/2 of the position at -%5, this reduces the problem by 1/2, and I sell the other half if it goes down another 10%. I will reinvest only if the stock shows up again on a scan, this keeps the system mechanical. While it certainly is not the Holy Grail, it helps throttle my emotions, and forces me to keep profitable positions and sell losers. I sell 1/2 of a position when it goes up 10%, and the other 1/2 when it goes up 20%, (or about!!)