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Worden Discussion Forum » Members » ssimon1016

Profile: ssimon1016
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User Name: ssimon1016
Groups: Gold User, Member, TeleChart
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Joined: Sunday, August 13, 2006
Last Visit: Wednesday, January 21, 2009 6:25:50 PM
Number of Posts: 4
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Last 10 Posts
Topic: willimike-----GE
Posted: Tuesday, November 28, 2006 11:04:01 PM
There is always some emotion while trading, either fear of losing or the desire (greed) to make some money.

I think the bigger problem is freezing when in a losing position.

This may be the start of a correction of some magnitude. If you don't feel comfortable with the trade you could
1- Sell the position as you stated or
2- Hedge the position, buy the Jan 35 Puts and/or write the Dec 35 calls.

Hope this helps
Topic: Major Indexes don't look good.
Posted: Sunday, November 12, 2006 9:39:15 PM
Divergences can last for a while. Stay long, keep tight stops, partially hedge your positions. It is often better to react to the correction rather than trying to predict the correction.