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Strategies & Market Trends : trading the QQQ

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To: hypostomus who wrote (379)	2/20/2002 2:53:05 PM
From: bernard rogers	Read Replies (1) of 714

I been thinking about my problem with impulsive trades that break my rules, and have decided to use this thread as an attempt to slow down and avoid these bad trades. Each time i intend to make a trade i will post the fact and the trade amount together with my rules before i make the trade, and probably will post the trade in and out on this thread also. This will slow me down, and put my trades as compared to my rules in public light. example Trade long 300 1. put in and keep 10 cent stop 2. max. loss is $100 BC per day 3. trade only with 5sto, 5ma, if stock is trending (1/2hr) above the 5ma, then i can only play long, if below only play short and definite 1ma crossover and bounces off 1ma 4. always trade within 2cents of 1ma 5. post potential/actual trade on thread 6. Go to breakeven stop after 10min 7 max. trade 300sh + 100 per $25BC profit

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