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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: VALUESPEC who wrote (7037)10/13/1998 8:52:00 PM
From: KLAW97  Respond to of 7396
 
This has been a wild year, but good plays have come from it. Keep these on your screen and you can make $3 - $7 from each. They give good entry points and can show a quick couple of point gains.

AVEI, LCOS, ALTR , DIS



To: VALUESPEC who wrote (7037)10/17/1998 8:11:00 PM
From: helkel  Respond to of 7396
 
i've gotten smoked some as well
what my main problem has been is not taking quick profits prior to a reversal
ie i buy, stock or option goes my way for a day or two then boom it moves down and i do not get out
i hate losing profits !!!!!!!!!!!
hk



To: VALUESPEC who wrote (7037)10/22/1998 8:07:00 PM
From: Michael Turner  Read Replies (1) | Respond to of 7396
 
I can tell you that historically my biggest losing days have come right after my biggest winning days. I have learned over time to reduce the feeling of invincibility in trading to a manageable level...however, personal psychology is something that all traders, experienced or otherwise, will have to deal with every day.

As a wise man once told me, "Once you learn how to NOT lose money, making money is easy."

Michael Turner
Author
DayTrading into the Millennium
tradersresource.com