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


To: Jay Lyons who wrote (9506)3/3/1999 3:09:00 PM
From: just bearly  Read Replies (2) | Respond to of 43080
 
Jay,
Thanks. I will follow Last's advice most definitely. I too feel like 4% is too much for me to lose without getting extremely, uh, emotional, shall we say. However, I also understand the need for wider stops. I am working on finding the balance that works for me.

As for reversing positions, that is something that I will be practicing now because it's only logical to do. Not always easy, but certainly necessary in order to maximize a stock's profit potential.

I have lurked on this thread for a while, and I appreciate your willingness to share your mistakes as well as your winners. It gives you a credibility that not many in this profession can claim. Thank you.

Tara