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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (9264)	2/13/1999 1:13:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

Learn to take losses! A stock that goes down 10% from where your plan said enter is not heading in the right direction. Get out. Are you going to wish it up? the next day it might go down even further, gap down on news. You want stocks that are going up, not down when you are long. That 10% is your last safety net. You might set it at 5%. But you need one. The minute you leave a logical plan, you put yourself on the ocean of market waves to carry you where they will. Remember we are playing with real money, when you lose it, you can't play the game anymore.