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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (3895)	1/11/1999 9:32:00 PM
From: MMK	Read Replies (2) \| Respond to of 56535

Poet, Glad that you pulled 'er off! I remember those big losses and hope to never forget any of them-and there were too many. Len is right about the over trading. I had been holding NAVR for several months and had traded it a few times. Then today, as things start to heat up, I panic (remembering those big losses) and traded it 2 times. Lost about 1/2 point on the deal-not bad. Should have set my sell stop and settled back. I don't think I'm cut out for the scalping, but it was a good experience. Came out with about a 20% for the day!!! I paid for the new computer:) Poet, would love to hear what your pm's think re: CYCH -thanks Have a good night everyone-MMK

To: Poet who wrote (3895)	1/11/1999 9:35:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Poet: Definitely good lessons there. Hopefully lessons that none of us will repeat again, but I am sure we will at some point. Reminds me of my two trades recently that cost me $27,000. That was last year and I learned from it, put in mental notes to not let that happen again. Since then, I am back to where I was before the big loss now and looking forward. Does your mentor friend post here on SI? You should bring him over to the site if so. I thought I had notice a solemness in your words recently. You seemed to be a bit out of sorts and disconnected. Welcome back!!! TJ