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

To: TFF who wrote (3809)	4/21/1998 11:05:00 PM
From: Alf	Read Replies (1) \| Respond to of 12617

Irby When you are considering a trade is there a limit that you use for the spread ? Friday I watched my 5 point gain in YHOO vanish just as fast if not faster than it appeared ! Tim

To: TFF who wrote (3809)	4/22/1998 7:25:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 12617

Irby; We have all had bad losses. Some of mine going back are real ugly. The key is to learn from them and never let the mistakes happen again. There are a few rules, albeit basic, that I never veer from: 1. The trend is your freind, go with the flow, dont piss against the wind. 2. Keep your losses small and tight. Water your flowers and pull your weeds, not water your weeds and pull your flowers. 3. Protect your principal. As a trader, its your livlihood and no loss should ever impact your principal. On those internet stocks, they are out of hand right now. Its a whirl wind and the 'easy money' that investors thirst and pray for. The way to pay off the mortgage in one day. These whirlwinds come ever so often. The last one was Dell and everyone having to own it,before that you had IOM, OCCF, and a few others. Markets goes to extremes and trying to pick the extreme point in such movements can be dangerous. I try to avoid those kind of stocks, they have no rhyme or rhythm...its like throwing darts blind or trying to navigage a plane through a tornado. Iwould try to find stocks that you can seemovements in, enough volume to move but no so much that it becomes liquid. Regards and don't sweat the loss, Steve@yamner.com