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


To: Poet who wrote (7646)2/1/1999 5:05:00 PM
From: AlienTech  Read Replies (1) | Respond to of 43080
 
>>I fell into PRFM, bigtime <<

You should have been stopped out around 10 or at best err worst around 8. Reducing losses is the first order of business. I do not use stops, but I am a sucker for pain and suffering.

3. NEVER get emotionally tied to a stock under any circumstance.
ANY gain, is better than any loss. And a small loss is much
better that a larger one. This may sound obvious but I have
seen many a trader and investor get caught by saying "I can't
sell now".