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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (2815)	9/21/1998 7:25:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 12475

JPR - Would you close the account daily even if your stock takes a major hit like 2 points (assuming you trade 1000 shares) or the equivalent of $2000 loss. The reason I ask is that I have the same startegy. My startegy is to get into a position very slowly and carefully (using the charts) and get otu very fast - Win - Lose - Draw. Unfortunatley if you trade everyday you tend to let your emotions do your trade every once so often. And once you let that happen, getting out also becomes and emotion decision. And then you tend to stay in a position too long, then it goes into overnight. And then its impossible to get otu if the market really goes against you. CIENA has been my recent achiles heel. I hope you can keep the discipline and go flat every night. And if you ever have a doubt, post me and I will give you the courage to have the discipline to follow your rules. Good luck