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Strategies & Market Trends : Help me become a millionaire
QQQ 613.11+0.3%Feb 11 4:00 PM EST

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To: victor pan who wrote (99)11/20/2001 8:06:19 PM
From: Susan Saline  Read Replies (1) of 583
 
>>>>> How did you get 6.77 as an entry point and how do you determine 6.46 as a stop?

I watched it go flat for half hour
the point at which it stopped falling

if I am wrong
I must admit it as soon as it does NOT go up from entry point and set a stop loss point in my mind

since the early morning low was 6.47, I say to myself ... if it hits below that number it will fall much farther, especially in a NAZ down day

then I exit ... and look for re-entry when I am shopping a stock

the re-entry came on a 'dive' as oft they are then jumped on by many ... and short covering is occuring sending it back up into the 5 minutes before the close

If tomorrow's naz futures are green it will gappa gappa
if tomorrow's naz futures are red I will exit real early probably with another small loss

once the market moves into go gear, I will hold strong up-trendings stocks til the end of Jan

currently I am holding cmrc issi sgi plug ppro
and a few others

I played the semi's from bottom rfmd and amcc but am exit those and holding only the issi currently as it has not run quite as fast as the others and still has quite a bit more upside imo

good luck with making a million.
If you plan an exit stop loss with each and every trade ... you may just do it!
the trick is not how to make money
but rather how NOT to lose it ... that is why stops are so very important

the market has run hard and fast ... confidence is coming back
that is a good thing
when we have down days like today ... the shoppers are out there patiently awaiting
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