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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TheNoz who wrote (8777)	5/12/1999 8:30:00 PM
From: R F B, Jr.	Respond to of 59879

TheNoz: From a lurker's standpoint....Never Look Back....A Profit is still a Profit RFB

To: TheNoz who wrote (8777)	5/12/1999 11:41:00 PM
From: NW_Trader	Respond to of 59879

Noz: Yes profit is profit, and the fish that get away will give you ulcers if you dwell on what could have been. I mean I (and I think Mark too) bought and sold AMZN several splits back on a move from 32 to 40 or thereabouts. Gee I wish I'd held. Same thing with the couple 100 shares of MSFT I got talked out of buying in 1987. But that said, you owe it to yourself to look back at least once. I.e., when learning (or even generally) you should keep a trade journal, write down your trades, why you entered when you did, what your target is, and why you exited when you did as well as the more mundane cost profit/loss info. Then win or lose look back and analyze your trade. The object is not to beat yourself up for what could have been, but to learn so that next time you'll trade smarter. Tedious, yes. But the market is work, not a casino and if you want to stay around you can't depend on luck. That said, it never hurts to be lucky and to recognize good luck and bad losses as much as you recognize your good trades. So good luck and good trading. Peace and Justice --- Patrick