TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: re3 who wrote (28601)	4/3/2002 9:04:08 AM
From: Rashid Garuba	Read Replies (1) of 59879

Yes.. However, for a margin account that must be 8% of position $$$ at most..i.e 4% of price 2% is what a lot of pros go by.. How can they stay in trades?? Take trades in extreme fear/greed only.. TO ALL (ME INCLUDED).. IF YOU DON'T ESTABLISH WHERE YOU WILL EXIT A TRADE THAT GOES AGAINST YOU BEFORE YOU ENTER THE TRADE (AND STICK TO IT) YOU ARE WASTING YOUR TIME. That one trade will come and do you in. Only a matter of time. Example, I bought GOLD yesterday and took .15 loss.. This is the almightly GOLD in a gold Bull market.. Welll, GOLD is .55 lower than my exit yesterday. Now I would have been praying (good in Church, bad in trading) for a recovery. And yes POG may go to $400.. operative word is "may". My entry was not even remotely in a high fear time in GOLD so I had no choice but be stingy with the trade. If one works hard enough there are so many trades out there (especially if you trade long and short) there is no need to hang on to sour trades. You WILL easily make it back somewhere else. Rashid

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