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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: ivan solotaroff who wrote (3959)11/22/1997 2:13:00 PM
From: Esteban   of 4701
 
Ivan,

Patience is a virtue, I agree. Unfortunately I've been exercising it at the wrong times: RADAF, VCR, DIGL. Patience did work out for me with RLLY, but broke down when I couldn't resist NOIZ below 3. (:<)

My reaction to the big drop on and preceding OCT 27, was to buy old POWs in hopes of cashing in on the recovery. I picked the wrong arena, at least so far. Fortunately I also bought some big cap techs that made me a nice profit. I am much more familiar with how these higher volume stocks trade and comfortable keeping the reins tight with them. In the future I might limit new POWs to average daily volume over 100,000 to provide me with a little more day to day trading consistency.

Esteban
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