Trade What You See, Not What You Think Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Threei who started this subject	10/25/2001 5:14:29 PM
From: chris-	Read Replies (1) of 867

Play of the Day for today: realitytrader.com Today we had great opportunities on the long side in the afternoon, after the NDX re-established it's uptrend. Trades on PSFT, SANM, AMCC, BLDP and a few others were very profitable on the JBE setup. However, I wanted to go over an important point on the failed QQQ trade, that I was short, with a downtrend bias. The main point I wanted to get across was that had I kept my QQQ short, I would have been focused on the losing trade, probably too much, that I would have failed to ride any of the uptrending JBE setups, thus making what would be a profitable day on the long side, a frustrating day as I continued to own a losing position. Stop loss management isn't only strong for the account trend, it's also important because it allows us to stay clear and focused on what the market is really doing, thus allowing us to participate it. Cut the losses fast and try to ride the trend if it allows. Have a great evening.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next