Trade What You See, Not What You Think Message Board

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

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To: Threei who started this subject	11/29/2001 5:24:37 PM
From: chris-	of 867

Play of the Day for Today realitytrader.com Today's review goes over the Sandisk (SNDK:Nasdaq) breakout setup from $14. This gave a near 1 to 1 reward to risk for scalpers, just over 1 to 1 reward to risk on our first partial, just over 2 to 1 on our next partial and we are holding the remaining 1/4 of the position overnight. Specifically in this session, I go over certain criteria for stocks that I like to hold overnight versus ones that I would be more unconfident about doing so. This was a nice example of intraday trend continuation, that hopefully we will begin to see more of in the next few trading days. Have a great evening. Chris

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