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To: Larry S. who wrote (2395)12/27/1998 8:04:00 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 11568
 
>>>if wrong, to take the loss and not wait to get closer to even. ggg (see ron, there is hope) larry

always ZGGGG

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re: goals for 1999
the same as every year

1. Preserve capital
2. Limit dumb stupid mistakes that wipe out a week or a month of gains in a day
3. In position/hold accounts beat the major averages by 50%
4. In trading account, earn enough to pay the rent and toss in a few extras to make up for putting in 60-80 hours a week at this job
5. Be a decent person, smile more often than I frown, smell the flowers, give more than I take, hurt no one unless they mess with my family or friends, catch more bluefin tuna than last year, and a few other personal goals not for public dissemination

all the best to everyone for the New year



To: Larry S. who wrote (2395)12/27/1998 9:03:00 AM
From: Susan Saline  Respond to of 11568
 
>>> to take the loss and not wait to get closer to even. ggg

I have found myself more apt to follow through on this, IF, at the time of the buy, I set the stop out price immeditaely ... whether real (in a fast trading stock) or mental ... written down and taped to monitor.

It does not always work ... but it does help