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Author: jeffery1971 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36682  
Subject: Re: TER Date: 2/7/2004 10:40 AM
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>>Good call, I guess I keep waiting for a breakdown.


You know I have been having this funny feeling... I think its flash backs of late 1999 early 2000. yikes... bad memories!! lol


>>So now that you are in where would you place the stop? Or do you use them?

Ahhh Stops... Ok... They are new to me.. A little history. I started trading in late 1999. Ohh it was so much fun. I could pick the stocks and I didn't even know anything about picking stocks but they always went UP!.... then came 2000. OUCH.. My picks started to loose money. My thinking at that time was ohh so I lost $400 on that stock. It will come back up, I mean I haven't really lost the money untill I sell the stock. I can't sell now or I will have lost all that money!! lol. As you can probably figure out I hung in there, I mean I was gonna weather the storm! ohhh how dumb I feel looking back now. But It tought me a lesson. Cut your loss! (I always have to learn the hard way) Now fastforward to present day. I have been using mental stops. I have not really found a specific percent rule that works for me. It depends on how much money I actually have in the stock and how risky I feel the stock is. On this one I will expect it to be up and down next week I will watch the MACD and see where that is heading overhaul. If it goes back down to say the 24 dollar range, I will be getting ready to sell. and if it dips below 24 I'm out of it. (24 seams like major support for TER) I also look at the past history of the chart and compare what it is doing now to what it has done in the past. I am just now figureing out how Ameritrades Trailing stops work and I would like to play with them some. This time of year I can pretty much watch the stocks all day. But as Spring time comes I will not be able to and would like to use Trailing Stops. If I feel they will work for me.

Jeff


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