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


To: Mike McFarland who wrote (3918)1/12/1999 9:04:00 AM
From: Poet  Read Replies (1) | Respond to of 56535
 
Wow, Mike! You sure are eloquent when you're sleep-deprived.
I, too, worry about what's going to happen to us when the market corrects. I worry that those traders who started during the resumption of the bullmarket will get crushed by holding on, or buying at ever-lower prices and not seeing them go up. I learned to trade just as the market was nosediving this summer and fall. That's why my advice is ALWAYS: "Take your profit, see where the market's going, you can always buy back in if things are going strong." I sound like my grandmother who grew up during the Depression, but it works for me.