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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: LakesideTrader who wrote (5531)	11/7/1998 3:57:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 7247

<do "I" have any recommendations on quick ways to evaluate when you have to move fast?> 1.never second guess yourself 2. never chase a stock 3. if you miss the boat on a stock, forget about it there is always another train coming. 4. if you start to feel a rush to get in a stock DON'T Do IT, more times then none you will end up buying at the top only to set on a losing trade watching it drop as you just bought in at the high. 5. never feel bad about taking a profit too soon and even more important NEVER let taking a loss get you down because it will only carry over on into your next trade. 6. NEVER trade a losing stock over and over again to fix your damaged ego because you loss on it...i have at least one losing trade a day (day trading) and i take it with same emotion as i do with the winners and that is NO EMOTION.