MDA - Market Direction Analysis Message Board

STOCKTALK

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 : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerry Olson who wrote (16349)	6/7/1999 7:55:00 PM
From: Judy	Read Replies (2) of 99985

Sweets, Not much reason to cover trading shares of cmgi, why tie your hands so you can't exploit the natural volatility of the stock readily? Let's wait for the stock to close above its trendline at 109+. Then first resistance at 117+, second resistance at 127+. Decide accordingly should the stock not be able to cruise thru resistances. I will wait for cmgi to perform as expected. Emotions play a bigger role for the positional trader ... there's no room for emotions. It takes patience, discipline, focus to wait for the proper entry/exit points to short puts, calls or leg into a straddle or spread. As a daytrader, you hit and run and the emotional high/low is over with and you move on to the next trade.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next