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Strategies & Market Trends : TA- Scans and System Tests

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To: Michael Quarne who wrote (505)4/25/1997 3:31:00 PM
From: Rob Kipp   of 989
 
Michael,

Yes, I do have a repair stratigy. I expected a loss, placed a sell order and I have moved on. That was my biggest loss ever and thankfully, I did not have a lot riding on it.

As Richard pointed out - bottom fishing doesn't always work. I presently have over half of my money into AMD (which probably isn't too smart) but I bought it right and presently its doing very well). I hate 'baby-sitting' them, but I also hate losing money.

My answer to all of this is simple...

What I have to do, is to keep learning what a healthy chart looks like and work the chart the way my indicators and systems tests dictate. Backtesting and evaluating. That is why 'our' meeting this July is one of the most important things that I could do for myself to improve my trading. This meeting for me - will hopefully help me in gaining healthy trading practices. I look forward to this.

How about you or other? Any suggestions~ "as they say, keep throwing enough sh*t on the wall, and eventually, some of it begins to stick"

Rob
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