"never let profitable positions turn into losing ones"

Discussion in 'Strategy Building' started by Gordon Gekko, May 29, 2004.

  1. lol thanks for the reply. when did i ever insult you? if i did, i was probably not completely serious. i am usually not a total ass unless provoked or religion is discussed. lol
     
    #21     May 31, 2004
  2. Mecro

    Mecro

    You can always re-enter if you are right.

    Let's say you are wrong about the point move up but are up 10 cents. Stock goes back down, you bail take 5 cents profit and just watch to see if it's a shake out. What if the stock is actually going down one point and you see that now? Take it short.

    But if you stick in it as it goes down, just how far will you hold it? Down 5-10 cents? You get out and it's not until you hit that sell order will you see that you actually should have been short.
     
    #22     May 31, 2004