Triffin's Market Diary 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.

Pastimes : Triffin's Market Diary

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Triffin who wrote (60)	11/23/1999 10:13:00 AM
From: Triffin	Read Replies (2) of 869

BRAIN CLOUD This is a nice daytrading short term approach for volatile momentum plays ------------------------------------------------ 1. Don't go into battle without a plan. Follow the plan until there is strong evidence that it will not work. 2. If lucky enough to be holding a stock when a spike occurs (regardless of the reason why it occurred) the best strategy is to sell into the spike. Place a limit sell order slightly above the ask when the rate of increase in price begins to slow. If order is not filled in 10 minutes, change to a market sell order and forget about this stock. If the sell order is filled and the trading action gives good reason to get back in, go to step 3. Don't try to wait for the peak to sell. Usually, it will be too late by the time the peak is recognized, and the price may go down fast. 3. If not holding the stock and the price is already moving up fast, DO NOT buy on the initial spike. Wait for the first wave of profit taking and short selling. Place a limit buy order at the 2/3 retracement level. 4. If the order is filled, expect the worst. Place a stop loss order under the original price before the spike. Now go to step 2. EOM--------------------------------------------------

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next