SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Trader J's Inner Circle
NVDA 180.94-0.2%2:21 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Poet who wrote (3488)1/7/1999 5:29:00 PM
From: Trader J   of 56535
 
Poet: To tell you the truth my strategy changes depending on the market conditions and the price action of the issue in play.

I have been much more cautious about playing gaps now as gap plays have changed drastically recently. I judge the issue based on strength, recent hype and near close activity. If it is an Inet stock, unless their is a strong indication that it will gap, I sell now and lock the profit.

I need to be much more patient with issues that are not moving and just sitting there, not necessarily issues going down but stagnant issues...such as ENPT. I held that for a week and avg. down a bit when it found support for a couple of days I sold into the first day of strength, it has gone up every day since.

I almost always sell AM gaps into the strength and look to reenter depending on the issue and sector.

I also play market direction and psychology like DBCC today. Picked it up when it found support at 16 1/2 allowed it to run, and pull back just a bit while monitoring the NAS, and then sold on the next run when it topped and the NAS started accelerating to the downside. Then as the NAS dropped 13.00 and DBCC was still at 18 7/8, big sign of support, I picked it up for what I hoped would be a strong close. But I say hope, because I played it technically and had a stop at 18 3/8. Turned out to be a good play and I am holding it for tomorrow gap.....I hope.

Basically, I try to play the action vs. my goal with a trade. I let the price action tell me when the run is done or starting. It is not fool proof but how many times have I let my goal be the determining factor when the action said sell.

TJ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News