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

To: The Perfect Hedge who wrote (34)	4/26/1998 12:51:00 PM
From: bw	Read Replies (2) \| Respond to of 109

More lessons learned the hard way: 1. Don't buy OTC:BB stocks 2. Unless an exceptional circumstance, don't buy stocks below $5 3. Don't buy at market open..usually Sell at open. 4. Try to follow the MO, but think "smarter" than the herd... 5. Do not use stop/loss orders. [It is better to watch RT quotes very closely, and use "mental" stops before actual selling. This beats the 1/4 pt. requirement on stop/loss orders & doesn't give the MM's, or market facilitators a chance to swoop down and scoop-up these orders...and then take the bid back up] 6. Don't panic! 7. Change of fundamentals or momentum...get out 8. Don't become emotionally attached or fall in love with your stocks. 9. DISCIPLINE...cut losses and take profits fast 10.Always buy/trade stocks with large volume. Volume=Liquidity

To: The Perfect Hedge who wrote (34)	4/26/1998 1:29:00 PM
From: The Perfect Hedge	Respond to of 109

All-Thanks for everybody's input so far.I think if one reads through all the posts on this thread,they will be a much better investor or trader.I'm glad you guys have so much useful info.KEEP IT COMIN"!!!!GD

To: The Perfect Hedge who wrote (34)	4/26/1998 6:07:00 PM
From: LTK007	Respond to of 109

Beeble my man,averaging down is some times an excellent thing to do-- but one simply must NEVER average down as a rule,but only when you really know your stock and its sector.But you are right I have seen a lot of people get killed by averaging down,it is a strategy to be used only when you have really carefully analysed your reason.I early last year swallowed small losses in oil and disk drives,because I chose to bail rather than average down--if I had averaged down I'd be locked into so much dead money that I would be out of trading all together. On the other hand I am holding DHI at a 22 cost-basis,and for complex reasons it is falling back lately,but if it gets to 19 I am going to double my present position,and if it were to fall further,I would add even more.max90