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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: kirby49 who wrote (3508)10/2/2001 9:09:50 PM
From: Davy Crockett  Read Replies (1) of 5144
 
OOPS... sorry. I forgot. I violated one of your tenents...Buy Gold <g>

I don't know about that Bob... Between you and me I know enough to stay away from NT and BAY I know, I know... u r perfect.

I watched the chart, picked a good entry, used good risk management (in terms of the amount of money... rule #1....don't risk more than you can afford to lose).

Where I screwed up... was trying to extend an hourly or short term time frame into a longer one ie: daily or longer.

Obviously, if I knew a negative news release was imminent I would not have bought the stock.

Would have broken on the first 9 but greens were slow and wet at first. hehehe... excuses, excuses...

Just because I am willing to risk a little to gain a lot, & to post my trades in REAL TIME you appear to be quite negative in your posts to me, unless I happen to play your favorite sector. (gold)

After all, it is not your money. It is mine. Correct me if I am wrong, but I think I detect some glee from you in my recent misfortune.

I have never, ever done that to you.

I call the chart, & the buy or sell as I see it, as it is happening & I post it. The reality is, is that probably 60% to 70% of the time I am wrong & am stopped out. For whatever reason. But the 30% of the time that I am right, I let my winners run until the trend exhausts itself.

All I can say, is that my posting record on S.I., (which, BTW are all bona-fide trades) stands until S.I. meets its maker.

Regards,
Peter
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