Replies to post #492 on Emerald Oil, Inc. (EOXLQ)

[JC4033]

Definitely! I should have amplified. When any stock goes against theory, and more importantly loss threshold, should be a mental note prior going into a position. I admit to defeat/loss, and apply money management to conserve capital. Too many traders say they have the extra capital to take a loss, but in reality why would you not go into a position with a mental stop loss? A successful trader who has excess capital will exit a position against theory. And you will never here big pocket investors say, oh well. No, the smart and successful investor will fine tune and adapt at that given moment. This is what I did when EOX went against theory, got sell stop at $0.83 from $0.93, and have now moved on. I did note to get out when the new analyst said going to $0.50 and in fact did touch $0.50's recently. One who applies money management skills will truly survive in this business.