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Re: BioHunter post# 95345

Wednesday, 09/28/2016 7:12:50 AM

Wednesday, September 28, 2016 7:12:50 AM

Post# of 97239
Thanks BioHunter -
One thing you didn't mention was each individual trader should know his own emotions.

For example MBVX was on a downtrend. I usually set my stop loss where I can move on without it disrupting my other trades.

So technically you and Sheff could both be 100% right. Just because he sold and saved money (if it keeps going down) at this point and you end up making more in the long run if it rises, it's hard to know what the emotional toll was worth to Sheff not having to hang on. And who knows where the extra cash would have went. Could be into a better play.

Certain plays I want to drop more (like VCEL right now) even when I own it because I want to buy more. ARLZ and EGLT were two other recent ones.

But some people have a hard time being down so much and it disrupts their trading. So better to sell and move on and stay focused. Hope this made some sense like it did in my head LOL
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