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Strategies & Market Trends : Trade What You See, Not What You Think

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To: aldrums who wrote (279)1/18/2001 11:08:44 PM
From: chris-  Read Replies (2) of 867
 
I'm glad the principles are working well for you and that profitability has continued. I'm especially interested in your ability to ride the winners as this is one element that seems to plague so many that I talk to, including myself from time to time :)..including BVSN today selling for the small gain only to see it relatively stable later and then end into the close rather strong. However, at the moment of my sell, BVSN was still behaving rather unreadable with the amount of pace and selling pressure so I don't feel all that unhappy about my exit. Perhaps the 1/2 lot method would have been better.

However, my entry off 13 1/2 took forever for a fill, even getting partial on price improvement and the remaining at limit price, and I wasn't too excited to have the same kind of wait time if I were to get caught in selling should 13 1/2 not hold..therefore, I simply exited into volume just under 14 and was fine with it.

Existing in the moment is often our downfall..I was talking to Bo the other day about "buy and forget"..obviously I'm not of this mindset just yet but for those that trade from the view of not watching the "wiggles" as they say it, I can see it's merits.

Again, happy to see the progress and let's continue to work on our weaknesses as we move ahead through 2001.

All the best,

Chris
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