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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Marq Spencer who wrote (149)9/10/1997 11:41:00 AM
From: Melissa McAuliffe   of 206
 
Brian,
Have missed you on this thread. I agree with what you said about getting a feel for a stock. It's almost like the stock is a person you get to know and know the corresponding behavior patterns. Right now, this is exactly what I am/was doing wrong with PSFT. Where I think TA will ultimately be of great value is to help with what I perceive as my weaknesses: a)getting out too soon and b)getting back in at the wrong time. Of the two issues, the biggest is getting in at the wrong time. If I want to trade a stock this is very important. Though I end up ok over time simply because the company is sound, I have my cash tied up waiting for the stock to go back up. Then when the stock goes back up I get out too soon when it is going into a real uptrend. But I end up positive because I still make money. So far I have been lucky because they all go back up but that may not always be the case especially given the market conditions. But it's a fine balance between learning and continuing what was working for me before. I was always happy with my little profits on various trades because at the end of the month they all add up. I was having to do alot of trades but that wasn't really a problem for me. But I still think the feel for a stock makes a big difference. And glad there is someone else who knows what this is and think it makes some sense.
Melissa
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