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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (1497)	7/16/1998 9:20:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

In any event, good thing I decided to bail overnight, or I would be opening with more of a loss based on the last few minutes of the overnight session. The more I think about it, the more the strategy must be to cut the losses as soon as you realize the trade you made was a mistake. By not selling at the market I violated the rule somewhat, but I also think that the cut your losses rule must be tempered by another that states that once you are in a trade, whatever the current price and conditions re-evaluate and get out at the best possible price. After the drop in the last bracket yesterday I felt a rebound overnight was inevitable and that is why I placed a limit order for 1184.10 as opposed to dumping it in the mid 1183's. I also felt it might trade overnight to 1186, but I did not want to bet on it given the overnight session is illiquid and I don't really understand it. I need to see the market in action and the overnight market has no indicators other than moving averages etc....I need to see what stocks are doing in general. Anyway...enough of that. I hope all this discussion is not boring people. Just trying to learn and share my observations as I do. -Scott