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 (3894)	9/10/1998 8:26:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Yes, you did. I also kinda figured it out as I typed in free form on my last post to you, but I am happy to receive confirmation. Nuts, yes! It was insane. I was happy to get out alive, but even so had to sit through a 4.5 point loss. Had it gone to 6 I was going to close it no matter what, but at 4.5 in 4 minutes I figured it had to come back down and the indicators were not supportive of such a run...yet they do sometimes take a moment to catch up. Needless to say I very likely could have had a good day ending on a bad note and turning into an average day. I was not pleased by that. I tried to jump into the fray as soon as my sell triggered. That was an error. Need to maintain patience. Shit, I should have just shorted it when I told you to at 92.50. That would have been plenty of breathing room. Oh well, such is life. I read something in a book the other day where the person stated that patience in closing a losing position usually will achieve better results than just closing the position. I can see why that would be the case sometimes, but not always. I tried that this afternoon with my short from 86.50 and it worked out OK, but I still think one needs to have a true stop point that is honored no matter what. For me that would have been 6 points this afternoon. I will probably be gone all day tomorrow. I might be by in the morning for a couple of hours, but not likely. We shall see. If not, good luck to all. Patrick, use up another golf ball tomorrow....either at home or on the course. :) -Scott