Replies to post #14345 on lowtrade

[lowtrade]

Welcome

I used it on 2 trades, I'm in now. Closed a $2.5 grand negative, to a $500 positive, today. Monday I took my loss and this morning re-entered low. They ran!

Now all I need is to close on my break even (the loss taken), which will be 1/3 lower then where I originally entered.

Actually I will hold for the gain I originally expected. All my losses were the dame market plunge. The company out looks are still great! Always was, and got 2 more positive reports since the dive. If I sell at my original entry, I'll be up 33%, shooting for much more. But will re-evaluate that, if my original entry is reached.

Capital preservation, an important thing, in a losing trade. Better then averaging down!!! And putting more money into a losing trade.