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And we all get that little pang of queasiness when oops, got stopped out of that stock.
He got stopped out of Pulte Homes in December for a 13% loss, but still owns Lennar and Centex.
Hirsch also made a 519% profit from bar code scanning company Metrologic Instruments but got stopped out at $25 on a steep pullback.
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And if I get stopped out, then one thing I've learned over the course of my almost 20 years of trading is that good traders know how to make money, but great traders know how to take a loss.
We did have a few really strong movers like Action Performance and Alliance Gaming, which did real well, starting at $15, going into the low $40s, then pulling back and getting stopped out at $32.
I mean, it's but shorting is for sophisticated players, and you've got to be careful, you know, how much … you know, about your margins and all of that stuff, that you don't get stopped out on your short because you didn't put up enough margin.
This isn't to make excuses for the Bucs – an inability to get stops out of vanilla looks is generally a sign of deficient talent.
"It's like we can't get stops and get out and run," he said.
Be aggressive on the defensive end, get stops and get out".
First quarter we were out, getting stops, getting easy baskets.
He stopped, got out and helped him up.
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