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To: Savant who wrote (356)	6/28/1998 11:50:00 AM
From: The Osprey	Read Replies (1) \| Respond to of 4201

Savant, True words have been spoken.As investors and traders if we set a plan, stick to it.15%down= out or sell 15% up= sell and move on.If DD dictates more than +15%, average up, but put a stop loss in below your gain and keep moving it up as the price climbs. For example. You have done your own personal DD on a stock. We will call it ZXC company. It is trading at 1.00 and you buy at 1.00.Right after you buy the price drops down to .95. To protect yourself be ready to hit the sell at .85 and have conviction.This is your plan remember.Then sit out and see if it rebounds or move on to the next one you have done your DD on. If on the other hand if ZXC moves to 1.30 and there is alot of buying and DD dictates this is a run you may want to average up putting a stop loss in place on all your money at 1.20.Then if the stock dips to 1.20 you are out.This would be a fair idea if you are not near a terminal watching the trades while you work. If you are watching real time with market depth you can use the sell button if you think you can do a better job. This is very simplistic and there are alot of variables which will alter your plan and trying to second guess the market is tough.Set your plan in place and stick to it.Don't deviate from it even if you watch ZXC double from the sidelines.(keep in mind I haven't done the math in my example but I am sure someone will.Set a target of up 10-15 and down 10-15. It is your call and it is your plan OSPREY