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Hi Guy,
Yes, the hardest part of trading is money management. With enough
effort anyone can learn to read patterns and trends but it's the
disipline and the managing of those trades (take small losses, keep to
your plan, set those stops {both profit and loss} that's the real part
of trading.
Doc
Guy Tann wrote:
>
> Doc
>
> I'm trying to just make the trades and not do the stupid things I usually
> do, like doubling the size of our investments as we make more and money. I
> really need to work on money management. The system will take care of
> itself.
>
> Guy
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Docteur
> Sent: Monday, February 22, 1999 8:18 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: AOL, CSCO, & WMT
>
> Guy,
>
> The trick is not to be a bear or a bull but to ride the horse in the
> direction it's going.
>
> Ride the trend my friend and make money both ways.
>
> It's not wise to "be" something when that something isn't profitable.
>
> Proverbial is for philosophers, not traders...
>
> Doc
>
> Guy Tann wrote:
> >
> > Congrats
> >
> > Being the proverbial bear, I'm constantly amazed when my longs
> > continue to make money at these levels. Can't quite believe the move
> > today, but it's better than a sharp stick in the eye. :)
> >
> > Guy
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
> > Sent: Monday, February 22, 1999 7:49 PM
> > To: Metastock
> > Subject: AOL, CSCO, & WMT
> >
> > All,
> > Not a bad day <G>. I wasn't surprised when my buy stop for CSCO
> > was hit at 98 5/8, but I was definitely surprised when my buy stop on
> > AOL was hit at 165 1/8. That was 5 points above Friday's close so I
> > didn't even send the AOL chart out Saturday. Then it went on and
> > gained another 8 points after it hit my buy stop. Talk about
> > momentum!
> > HD didn't hit my buy stop, but WMT barely closed at a new all
> > time high. Therefore, I'm going to cancel my GTC buy stop on HD and
> > buy WMT in the morning instead.
> >
> > JimG
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