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Strategies & Market Trends : Classic TA Workplace

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To: John Madarasz who wrote (49708)	8/10/2002 9:11:29 AM
From: marginmike	Read Replies (2) of 209892

I was absolutly rocking till about 6 weeks ago, being up 28% mostly due to Golds and IBM and JPM shorts. I gave back some in the golds before taking profits and I got a premature buy signal on the retest of the CSCO bounce. I got clobered. I am more of a swing trader so these whipsaws are tough on the stops. I got stoped out on Monday of the longs I bought last week, all up but if Id held I would have had a superior week. Have to be disciplined though, no? For my style of trading these big interday moves are tough cause I use tight stops on both longs and shorts. What is the basis of your system.

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