Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 186.62

+2.9%

3:25 PM EST

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To: hotlinktuna who wrote (28964)	4/8/2000 11:08:00 AM
From: Wes Stevens	Read Replies (1) of 56535

Tuna, I played sqnm on thursday buy putting in stops that I kept raising as it went up. I finally stopped out at 40 just to see it go up more. Bought back yesterday at 46 and change and put in a stop at just under 45. Watched it hit 51 and did not raise my stop with it. I could not watch it most of the afternoon as my job got in the way. It came all the way back to just under my stop and then went back up. I would have been much better off raising by stops with it. I guess the bottom line is that you have to use some type of stops especially in this market. If they get taken out and the stock does not tank get back in. You may loose a few points of opportunity sometimes but it is better then having it tank and loose real money. I am trying to use charts more to plan my stops. That way in theory if the stop is taken out the stock will go lower and I can buy it back cheaper. It did not work yesterday :(

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