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Strategies & Market Trends : MOVING NOW!

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Jun 26 5:00 PM EST

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To: JLS who wrote (1896)	10/16/2000 11:31:54 AM
From: Jerry Olson	Read Replies (1) of 8046

Julie sure 1st thing i do if i buy a stock is try to set up my first stop as close to that buy point as possible...usually the bottom of the previous candle...i use the 5 min chart to trade all on going buys/sells.... then asap i try to get to "breakeven" off that 1st or second candle...then trail it up under the candle in play each 5 min's... and then it depends on the markets direction, the futures, tick trin etc...or the stocks strength..on the big movers like NTAP and RIMM etc..you can let the stops hang back a bit... the 1st goal is to get to breakeven if your wrong..in case the trade moves against you...if it does before you can effectively place that breakeven stop..i sell immediatiely.. because i am wrong...i do not wait..not in these trecherous markets...keeping ones capital is paramount... hope that helps some...

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