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Pastimes : ASK Vendit Off Topic Questions

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To: Walkingshadow who wrote (18252)1/15/2001 10:30:41 AM
From: freeus  Read Replies (2) of 19374
 
reyou'll do fine
Ha! From all the mistakes I've made in the last few months I don't know about that!
Cymer-CYMI looks to be breaking out.
But I still will look at mvk because I have been in and out of it for years: it was the first double I had in a stock I found myself except coca cola which scarcely counts still I only bought and held that one because my family drank so much of it in our less-healthy-eating days. ( That was a triple over three years which at that time I thought was wonderful!)

Bedtime reading:
I was interested in the way you followed the moving averages, 10 day 15 day and on up. I had not thought of looking at that as a stock moves up.I also agree that 24 1/2 would be a breakout point for mvk and it could go to the mid 30's.
I totally agree with you that when you break your own rules and it works you are in for trouble. That's how I got all the losses last year, after a while I was so panic stricken I was trading with no rules at all!!!!!
I also like your point of setting stops 1/8 below the previous day's low...especially if the previous day's low is an important point ( e.g. breaking it is breaking a support level or making a new low).
I think that I have to get out of all the rest of my holdings though (maybe not my INTC '03's) and
1. just use one of the successful strategies on Vector Vest,
and
2. Stop the short term trading until June when I leave my job. I just cannot watch things closely enough.
Also I have to learn to use Fidelity's newest software, since I am considered an active trader I can get all sorts of info, including I think Nasdaq level II, but I don't know how to access it yet.

I'm trying to compare Point and Figure to the candles and "ask research" charts.
There's a lot to be made in the market but I can see that from here on in it will take much study and extreme discipline.
Freeus
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