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Re: How did you do today during the correction?
For many reasons I stopped using programmed stop loss orders some time ago. If anything I'll set an alert for a particular price. Yesterday smarted but I had sold two positions earlier in the week as they ran up (sell into the rally). The three positions left got bumped around pretty well but I took the opportunity to double up on one of my positions. I originally took shares at $81.65 and took another same-sized position at $78.78 which has me in nice shape today. One position (EBAY) is still in the GREEN while my third (CWTR) is still licking its wounds but ready for a comeback in coming months. I use the technical indicators outlined in Phil's book for a reference but by no means do I follow them unquestioned. I've had far too many instances of being led out of a position pursuant to signals only to be "signaled" back in a few days or weeks later. The only one to gain from a maneuver like that was Ameritrade. There's a lot to be said about "taking the emotion out of the trade" but self-discipline is cheap, especially when comparted to getting whipsawed a few times.
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