Saturday, March 29, 2008
What Have I Learned?
If anything - once the market is in a strong uptrend and everything you touch seems to make you money - put in stops - 10% is a reasonable stop because, once the trend turns, I usually find myself holding stuff that's down 30% or more. No kidding. Yes, this means you could get hit hard in commissions if you have a lot of positions, so that's something to taking into account.
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