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Re: william2112 post# 1700

Friday, 05/06/2005 12:39:05 AM

Friday, May 06, 2005 12:39:05 AM

Post# of 44374
william2112
Bill, don't get me wrong, I know it is starting to sound like I think I'm a know it all with all my opinions. I, like most, have made most every mistake it the trading book. I also still don't always do as I say, but do as I do sometimes.

I'm trying to reach the lurkers, mostly, trying to pass on want basic things that MUST be learned. Allot of the rest of my posts are conjucture, from experience, IMO's, but some should be in their rule book. This is one!

I will be so forward as to mention one thing, I've seen some experienced posters, post several times, that is covered in the rule, I just posted. Determining exit points are hard!

It is not hard to determine an exit point. It's when your target is reached, not when you think you can get the most out of the run. Let it run, take the profit you wanted, not want the target you can get!

That simple!

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