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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: CharleyMike who wrote (14840)	5/26/1999 9:18:00 PM
From: Dave Shares	Read Replies (2) \| Respond to of 43080

In volatile markets, when one enters a trade, one should either: a) set a reasonably tight stop to protect from a large loss, or b) make a decision before the trade that one is ready to turn a trade into a position hold (another way of saying that you believe enough in the company's fundamentals to hold it at a loss in anticipation of a rebound in the longer term) I have broken these rules again and again and again, but maybe the more I write it, the better I will follow it. It stinks to make a mistake, but learning from it can help to lessen the damage in the future. David