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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: MrThesp who wrote (35541)5/3/1999 5:28:00 PM
From: JustInTime  Read Replies (2) | Respond to of 90042
 
>>TechGuru: How much have you LOST on your other picks?...

How much have I lost? Next to nothing, when a trade starts going against me I sell it, immediately, 2-5% loss max and move on. The only way you can consistently make money is to cut your losses.

(The one exception was NETA, where I bought 2K shares at $15, it announced bad earnings an opended the next day at $10 and change, so I bought 5K more shares and rode it back to $13 1/2-$14 for a tidy profit.)



To: MrThesp who wrote (35541)5/3/1999 5:38:00 PM
From: Charliss  Read Replies (3) | Respond to of 90042
 
Everyone have a good day? I didn't make any day trades today....still holding positions in COMS & OMPT.