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 : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Fredman who wrote (6667)	11/11/1998 11:34:00 PM
From: TH	Read Replies (2) \| Respond to of 7247

Fred, If you can't watch your positions, then don't play positions. Pick value stocks that have been beaten down and wait. Time rewards this type of investment. Most of the people on these threads ( and i am no exception) are looking for the quick kill. I like the hunt as much as the meal. Take you pick. And people, it was just a point. The (w)hole market went to Florida for the day. Lets just hope it comes home for Thanksgiving.

To: Fredman who wrote (6667)	11/12/1998 10:43:00 AM
From: ibrandybuck	Read Replies (3) \| Respond to of 7247

Fred, stop loss orders frequently guarantee you take a loss on any down turn. I've seen quick downward runs that look like the MMs are simply trying to snap up cheap shares by taking out the stop loss orders - generally followed by an equally quick rebound. If you're not willing to hold a position long, you need to be available to babysit those positions and to determine first hand whether a downturn is something you should be selling into or not. It's useful to have a mental stop loss point, but dangerous to have an automated mechanism that might simply ensure a loss on an otherwise solid position.