Originally Posted By: Maximus1966
Pablo, I haven't read all of this thread yet, but it seems you tend to tell us quickly of all the big profits but not of the inevitable losses. Am I right or wrong?
I certainly don't talk about all my trades, that's for sure. That said, I have not had a loss over 7-8% on any stock in a really long time. I always set my limit at - 7%, and yes sometimes I get chucked out really early - but I have no big losses. I learned this from IBD. I also don't trade much or heavily when the market is in an overall market downtrend. Took me a long time to learn this stuff, and when I was young I took some stupid heavy losses - mostly because of foolish pride.