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

To: AlienTech who wrote (8068)	2/8/1999 8:13:00 PM
From: tom pope	Read Replies (2) \| Respond to of 43080

>>So who lost money money today other than me?<< I don't know about money money, but I lost money, and I did it by making all the stupid mistakes that I thought I'd stopped doing. Stayed with LCOS when it was clear the market hated the sector, didn't take the opportunity to get out a position in USWB at a nice profit and wound up with a loss, and worst of all ignored a signal to buy DELL at 99-99 1/2. Just wanted to put that on the record in the hope that publicly confessing will prevent me from doing the same stupid things again.

To: AlienTech who wrote (8068)	2/8/1999 8:20:00 PM
From: Rick Faurot	Read Replies (2) \| Respond to of 43080

AT, I lost money today failing to do the one thing I've worked hardest on: keeping tight stops. Went in and out of MTMC got stopped out three times and got stubborn. Decided I'd stay til it went. It went down and I was worked up and sold the low for -1/2. Then it bounced and I bought the top and stopped out again for -1/4. Later I had CSCO on a run and it faded on me. Failed to stop out tight, took a -3/4 before it bounced too. Luckily had a few winners in DELL and CSCO to ease the pain but still a down day. My batting average on Mondays is lousy. RF

To: AlienTech who wrote (8068)	2/9/1999 9:04:00 AM
From: Jay Lyons	Read Replies (5) \| Respond to of 43080

>So who lost money money today other than me?< Sorry I'm late for the confessional. I'm holding LCOS, which looks like it will completely wipe out my last three weeks profits, and that's an optomistic assesment, given that it's pre-market free fall shows no sign of slowing. Bought at 131 1/2, it wasn't a gap buy, didn't take the chance to get out even, didn't take the chance to lose a point, didn't take the three point loss at the close. Talk about piling on the mistakes. Notice how the market never gives cheap lessons?