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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (12470)	4/9/1999 4:06:00 PM
From: MMK	Respond to of 56535

TJ...keeping shares...yep! I am learning that the hard way. Now have 300 ORCL from 21 and plan on selling 1/2 for a profit here soon and holding the rest. Think it was hit pretty hard and hope that it has seen the worst of it for a while. Just shake my head at many of the stocks I have bought and sold, many for losses, and see what they are trading at now. I am learning to "ride the waves" and am hopeful that the market is looking to keep it's gains for a while anyway. Don't see a big drop in the near future. MMK

To: Trader J who wrote (12470)	4/9/1999 4:10:00 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 56535

Hey you guys wanna hear one on the other side of the coin? Ok, the first guy where I work to open up an on-line trading account did so about three years ago. He decided to put 75% of his money into a certain stock and placed the order. Being a newbie, he screwed up and ordered the stock twice, putting him at the limit of a margin call. Took him 2 weeks to realize his mistake. His punishment? He had bought DELL at the equivalent of 2$ a share and is now talking about early retirement. Refuses to sell it because he doesn't want to take the capital gain hit. The other lesson to be learned is that when you're a newby, you depend on luck and being a better trader is all about maximizing the odds. CD