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Technology Stocks : DIGL... Digital Lightwave.... Making Waves....
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To: John Ritter who wrote (309)1/23/1998 11:03:00 PM
From: ahhaha  Read Replies (2) of 934
 
I'm glad you asked about averaging up. It is very difficult to establish when a stock is going up. What time frame? Is it a matter of some n-day moving average? Is it defined as not averaging down? Does it only have meaning when a stock has a substantial base and is fundamentally turning? Does it mean taking a position and if it rises on bullish fundamentals, buying a little more at higher prices? or at consolidation slightly lower prices? Like everything in this business, it means at least all of the above and none of the above. It is an art.

You're trading strategy, to hedge potential loses in long term longs, can have the consequence of sucking long term gains dry by trading losses. Then you've really defeated yourself. It is pure art that I think you have to stay away from the stock market. There is always something to buy or sell short profitably. But if the market is flat or down, nothing seems to work. You just get chopped up. Don't go fishing when they're not biting. If you can't sit still, try Cyber-Trader on paper for months. Then you can see if it will work for you in theory. Real world is substantially different for you because you're attached to money. You want the things money can buy. That attachment causes you to supercede the dictates of Cyber-Trader. There's no return on emotion to follow some machine. Money attachment means emotion, so you won't follow Cyber-Trader. But you should at least give it a thorough test over the next few months. It will tend to keep you out. That is one very difficult thing to do because you're hooked. A market junky. You'll lose nothing if you obey me.
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