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Strategies & Market Trends : The Amateur Traders Corner

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To: Bocor who wrote (2949)11/7/2000 3:48:13 PM
From: Blue On Black  Read Replies (1) of 19633
 
Bocor,
with comdex coming up, might get HAND at $100 yet. cha ching!....we can hope.
I have already done one of what I call 'half trades'. I start early, in HANDs case, I let it do the momo part and hit it on the way down (around 82 and 85 for an average 83 1/2). Today was volatile enough that I doubled down when it slowed at 89....average 86 1/4. When it did the intraday drop I covered half when I was even....ready to do another 'half trade' if/when it moves into the 90s and still a manageable position. Not flashy or even good trading...let alone expert like you see done on this thread....but I always have a position and don't have to hunt shares. No timing...no fuss...no nothing but range trading. Eventually, I'll have a nice core that is within 10% of the top.
Nothing fancy,
lee
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