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Strategies & Market Trends : Trader J's Inner Circle
NVDA 178.94-0.9%Nov 21 9:30 AM EST

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To: LTK007 who wrote (18116)7/27/1999 10:34:00 PM
From: Wes Stevens  Read Replies (3) of 56535
 
Max,

Think this over good. In the pm I sent you I said that I think that this market is going to take a large tumble soon and to hang on at that time will be be very expensive. I do not think we are there yet. I am still almost fully invested in my trading account and 50% long in my ira. Anyone that says he can tell where the market is going is a fool. But my gut says that we still have a bit to go.

Let me suggest another strategy. Evaluate each of your holdings again. If you did not own them would you buy them tomorrow at the price that you will be selling them? If not sell it tomorrow. If the answer is yes keep it but put a stop in. If it hits its stop sell it and then re-evaluate.

TJ any thoughts?
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