miketranz
961 posts
msg #54875
- Ignore miketranz |
9/17/2007 9:39:18 PM
I'm no genius,but I'll say this,respect no stock or list for that matter.The market is unpredictable,and you can take that to the bank.As far as risk or loss,you have to know your limit,in dollar amounts,before you put on a trade.Make sure you respect your stop loss limit.The greatest advice I got from this site on losses is "never hold a stock below your entry".I know its very hard to swallow,but its what discipline is all about.Whoever says to hold a stock until you hit a 8-10% loss,won't have much of an account left with that advice.Think of it like this,you're looking for an upward directional move,assuming you're long.If your stock heads in the opposite direction,get out.Good luck.....
|