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

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To: Threei who started this subject10/24/2001 5:28:31 PM
From: chris-   of 867
 
Play of the Day for Today:

realitytrader.com

Today's review goes over the stop loss taken on Micromuse (MUSE:Nasdaq). It also goes on a different methodology in entry that I don't normally do, in fact, almost never do. It requires scaling into instead of scaling out of the position due to lack of confidence in the upside ability to break yesterday resistance as well as liquidity concerns if the original first entry yielded an immediate stop loss. Not a stellar entry to be honest and not a trade, if the setup is seen again, that I would probably take. So I guess I paid for a lesson learned. Have a great evening.

Market owes me a beer <in my Homer Simpson voice>

Chris
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