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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (13413)1/25/2000 6:48:00 AM
From: dealmakr   Read Replies (1) of 59879
 
Mark,

When trading a stock like NEM the fundamental relationship with the underlying commodity (gold) should be taken into account IMHO. Any event that may have an influence on the underlying should have some correlation to price movement in the stock. One of my biggest mistakes last year was in not letting my positions in the drillers run more when the underlying (crude) had made a significant change of trend. Its great to get in near the bottom, but bigger profits could have been realized by taking a longer term look at the change of trend. Keep your eyes on how the yellow metal is trading. Taking losses is just part of the game as is taking profits, hopefully the profits will be greater. trading the momo stocks isn't for everyone and I don't have as much success with them as other plays. You can do very well by looking at high percentage trades for smaller returns. One of my favorites is scalping HM a few times a day for 1/8-3/16 in size when the intraday volatility and trading range increases, very liquid and if your wrong the pain isn't so bad. Trading is what you make of it to achieve the final result and different stratagies work better for different traders.

Good Trading

Dave
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