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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: NW_Trader who wrote (20121)1/17/2001 5:21:49 PM
From: NW_Trader  Read Replies (1) of 59879
 
STOPS MUST BE SET

Tatoo that on the back of your eyelids, tape it to your monitor, say it as a mantra, take pride in being taken out by your stop

Do not give back profits and take a small loss fast - integrate these into your survival habits.

Sold GMGC for scratch. Still in TALK, SBUX (probably should have sold when 45 support didn't hold), RDRT, part of CYTO.

Critique: I was slow today because I felt I had a "profit cushion" that I could play with. Well, PSIX got sold @ 3 3/4 which was poor considering where it had been earlier and how it eroded all AM, but great considering the way the floor dropped out just below 3 3/4. Rebought at 2 13/16 and sold at 3 1/4, then my FFT (final foolish trade) impulse kicked in and I rebought at 3. Also rebought BMCS @ 25 3/8.

I'm babbling at myself to reinforce the ideas. Mark used to do this, so perhaps it will help me. My own NLP attempt also includes talking to the dogs when I walk them, but don't smoke cigars. I need help, for sure. <GG>

Will post some thoughts on Landry's Swing Trading later tonight.

Peace and Justice --- Patrick
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