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To: robin 187 who wrote (50128)	8/18/1998 9:03:00 AM
From: Nemer	Respond to of 58727

Robin : Help ---- all here on the insanity thread try to give. Lectures ---- not too many do that because mostly, we've all been there and made the same or similar mistakes. Two things I will suggest that you remember ..... 1) plan the trade, and then trade the plan ... 2) cut your losses quickly and then, depending on your plan (#1) , let your profits run. The preservation of capital, which you did yesterday, is of the utmost importance....... lot more important than leaving something on the table. From your post, it seems that you're bearing up well. My congrats for that . Regards ---- Nemer

To: robin 187 who wrote (50128)	8/18/1998 9:07:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

<I'm thinking another mistake that I made yesterday was that I panicked and sold.> Whether that's true or not you placed yourself under a lot of pressure. Think if the stock had not acted the way it did, you would have had some premium stripping and been more of a wreck emotionally. I think you were playing the stock like the crowd would normally play it, as an emotion play, the old "it has to bounce at earnings" play. Which works at times and at times goes poof. The smart play is to cut losses and in retrospect it's easy to say you panicked and closed out too soon. But if you think about it, the real problem was that you held too long. Anyway, better luck next time.