TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Robert Meany who wrote (2631)	8/22/1998 9:07:00 PM
From: TATRADER	Read Replies (2) of 59879

Hi Bob, welcome, your input is always appreciated...Sorry about the last time giving you the name of a broker(Brown N Company) instead of a trading system....which is what you probably wanted...I only trade basically over noon hours and on Fridays(my day off)...Try to sneak back from 3:30-4:00 when possible.... Here are a few to research for Monday...These are strictly watch list stocks..You see if they take out Friday's high by 1/32...Tight bid-ask and volume filtering in... ANY NEWBIES TO THIS THREAD, I SUGGEST YOU READ THESE RULES OR THE MARKET WILL DESTROY YOU...FAIL TO FOLLOW THEM, I GUARANTEE YOU WILL BE EATEN ALIVE.... Here are the Rules of a Gizzard trader 1)Set protective stops immediately after entry..3 to 5% below purchase price.. 2)Once stock moves up 5%, move your stop up to entry point..Then you have a scratch trade if it comes back.. 3)Once stock moves another 3% up, move your stop up by a percentage you determine and continue to trail the stock, until your stop takes you out... 4)Never hold a losing position overnight 5)If a stock does not close strongly, close it out no matter how small your profits... 6)Only hold a stock overnight if it closes strongly.... Follow these simple rules, and you may survive as a trader...Every time I violate them, I get burned....I should have closed all my positions out Friday at break even, instead of being a hero...I violated rule 5 on Friday, and will pay the price on Monday... Here are a few to look at for Monday..Tell me if you like any of them.. 1.CYBG 2.WARPF 3.TEKC 4.MOGN 5.SSAX Regards, Mark

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