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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (6859)	5/14/1999 4:06:00 PM
From: gamesmistress	Read Replies (2) \| Respond to of 57584

Isn't the BDE stock action interesting...for the 2nd day in a row, it wanders around and ends up EXACTLY where it started...and right after closing, comes a b/a gap you could drive a truck through.

To: Rande Is who wrote (6859)	5/15/1999 12:34:00 PM
From: KevinThompson	Read Replies (1) \| Respond to of 57584

Yes Rande, I do remember what you've said. And you are so right! Words to live by folks. I can't tell you the number of times in the past that I had bought into a stock at the beginning of a good strong run, then have it go up multiple dollars (representing hundreds to thousands of dollars in my portfolio). I would jump up and down and dance around, run out to tell my wife and others (geez -just like Rande says), and then forget to manage the trade! Then I'd see half or more of my gain simply evaporate into thin air. Believe me, this is demoralizing like nothing else you can imagine. Thankfully, I've mostly learned to avoid this now. Trade management is the key, and you must give it your full focus and attention. There are already plenty of wolves and landmines waiting to steal your profits - things you can't do anything about - a computer crash, an online broker that has a habit of being an offline broker at just the wrong time, and so on... But those things that you do have control of - focus and attention - make them count! KevinT