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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Steve Grabczyk who wrote (15146)3/7/2001 8:28:05 AM
From: Bernie Goldberg   of 18929
 
Hi Steve,
It seems like you are saying that when a stock goes up 15%, 15% is your tolerance level. If the same stock would go up 18%, 18% would be your tolerance level.
I'd like to use an old Wall Street bromide.
"The trend is your friend".
If a stock goes up more often than not it will continue to go up. That is why taking a disciplined approach with AIM will work. If one is willing to work with 2 week, or monthly approach there is nothing wrong with putting in a GTC order if a period goes by with no action. IMO it is foolhardy to sell some stock and immediately put in another GTC order. Doing this confines you to minimum orders and minimum profits. Check out the comparison of I did for RFH on BFR. He traded over three times more often than AIM BTB in a two year period, and was outperformed even tho he took advantage of every single tradin opportunity.
Looking forward to seeing you in Vegas.
Bernie
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