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To: Sarmad Y. Hermiz who wrote (46156)3/17/1999 12:39:00 PM
From: HG  Read Replies (1) | Respond to of 164684
 
I did not panic really, but I realised that as my account grew, my risk startegies did not evolve. I started my trading portfolio with 40K last March, and then bought 100 shares at a time. I could stomach a 10-20 point drop by just holding the stock ! Now, when I was trading 10-50 calls, the risk strategies should have changed, the stop losses should have been much much tighter. I just continued the old way. When DELL, CSCO and TMCS dropped together, I just held on !

Now of course, I think I'm much more wiser, but sometimes I do revert back to the old style !



To: Sarmad Y. Hermiz who wrote (46156)3/17/1999 7:39:00 PM
From: Olu Emuleomo  Read Replies (1) | Respond to of 164684
 
I was taking
positions that were too big for my account. And when it moved against me, I would panic and close at a
loss,...


Sell down to the sleeping point!

Reminiscenes of a stock operator -- Edwin Lefevre