I had just entered the market in the last week of June '06 and my timing seemed lucky, to say the least. After I entered, the markets basically shot straight up right up until we had that pullback last Tuesday. My timing, again which was pretty fortunate, made making money in the markets seem like cake. This could be a bad thing for me long term if I don't shake out a few basics from those of you with a lot more trading experience. The question I have for those of you who were actively trading, either intraday or on a 'swing' basis' back then, is how did you cope through that period? What strategies did you employ? It is my understanding there were many, many pullbacks that people got caught in, with nasty and quick reversals occurring nearly a dozen times in about a three month period. The main reason I am asking this is two fold: Obviously, I'd like to know what your opinion is on how to minimize losses after what can be a gut -wrenching and demoralizing experience, where one feels like they are being 'washed and rinsed', and, I'd also like to know how you finally determined, by chance or actual projection, when the the markets had either arrived at or were approaching a true consolidated bottom. Thank you very much.