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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (1777)	7/24/1998 3:41:00 PM
From: Matt G.	Read Replies (1) \| Respond to of 59879

Mark, Thanks for the great thread. Every time I read it...I'm reminded of how young and vigorous I was as a college student, so open to learning, (and so ignorant and lazy). Regards, Matt G.

To: TATRADER who wrote (1777)	7/24/1998 4:33:00 PM
From: Rashid Garuba	Read Replies (3) \| Respond to of 59879

Mark, Would you believe I took TRBDF home toooooo?? At 14 5/16. Stop following me around! A weakness I have always been aware of became glaringly evident yesterday and today. When a position works against me I go insane. Slacked off after a terrific 2 weeks. Used stops sparingly. Paid a high price in mental anguish. Will regroup over the weekend. For those that haven't been bitten yet for not using stops..... It's not just the money lost. When a stock goes against you, a level of loss arrives that can absolutely remove every rational thought from you. The point comes when the thing has dropped so low "it should bounce any minute now" It won't bounce until just after you have sold in a seemingly drunken state. Deer in headlights. Rashid

To: TATRADER who wrote (1777)	7/24/1998 11:00:00 PM
From: shasta23	Read Replies (1) \| Respond to of 59879

HI MARK! Very disappointing day for me since i made too many mistakes. Tried a day trade although i haven't really paper traded it and allowed a 4:1 draw down and was lucky to come out with pizza money. Nerve wrecking and undisciplined. Don't know why i even tried! Then i placed my stop in TRBDF to close although i observed that the trades were constantly hitting the the ask in the 14/14 1/16 area and could've given the stock more space. But i had your warning about the target 14 in the back of my mind and didn't believe what my eyes were showing me. Didn't trusted my own judgement. A good lesson! Got stopped out at 13 7/8 when the stock dropped for a millisecond from 14 1/16 and then right back up. Someone picked up my shares(was that you mark? ;-)) )and rode to the high of the day!! That was stupid and I'm mad at myself. Then i saw one of my stock(SYNT) go up 2 1/2 points at the open only to close down a point and i didn't take profits. All of this very frustrating and i had to vent that. Try to learn to start next monday with the feeling of clean start and not over criticize myself. But i also want to learn from the mistakes. Still was up in total portfolio value 2.5 % this week and that with 50% cash. But it could've should've been...but i don't want to start again. Talking about the mistakes in public let's me not forget them that quickly. That way there is no hiding.END OF STORY! Stefan p.s. thanks MARK and RASHID for great picks and tips. Try to analyze your stock selections to learn and -like Mark says -"pick your Brains"...