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amtmommy

08/24/10 1:16 AM

#2788 RE: TheOzz #2786

absolutley, it's the floor is falling form under me mentality and fear, (we've seen some scary stuff), that causes someone to panic and hit market sell to exit immediatly if they think a stock is doing south on them.
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NoleGuy

08/24/10 1:27 AM

#2800 RE: TheOzz #2786

I kind of agree. I liken it to online poker. Some people go all in just so that the pot goes up, but that just takes the fun and strategy out of the game. It all comes at a cost though, they are more likely to go bust first. Leaving the table open for bigger plays by the remaining players; even if the balance among the players becomes slightly skewed. It is much wiser to take steady profits but sometimes the risk, if well played, can always benefit you. I personally think that traders just need to be a bit more rash with their decisions.