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Pastimes : Rules We Can Learn From -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth R Miller who wrote (14)4/25/1998 6:44:00 PM
From: ron peterson  Read Replies (1) | Respond to of 109
 
<<Take your Profits>>> I couldn't agree more with Kenneth Miller
In times like this its always good to take your profits out. Wait a few days or so and buy it back.Remember no stock goes straight up there is always fall backs.Most of all NEVER buy a stock you wouldn't want to own for a long time.

Ron



To: Kenneth R Miller who wrote (14)4/26/1998 10:04:00 PM
From: Dennis J.  Respond to of 109
 
Reply to: << take your profits >>

If you trade in and out three thing can happen, and two are bad.

1. The spreads and commissions and time spent trading can eat away at your profits, and sap your energy for new profitable picks.

2. You may be out when it pops up, and you never get back in. This leaves you in the same position as Tom Trader -- missing the big one.

3. You win! You are a good trader, and don't need to hold for big moves.


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