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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: GROUND ZERO™ who wrote (8471)11/23/2005 3:56:55 PM
From: Kirk ©  Read Replies (3) of 12411
 
"Since you're keeping a log, you can put me down for getting stopped out at 1268.00, 6 points was all I was willing to risk here... and there is a system for that aspect, but first of all I already got out of the initial trade at 1232.00 a week ago because I had little time to monitor the markets last week, way too many meetings... but, the way to exit in this kind of market is to use a trailing stop below the low of each previous day..."

So Noted: home.netcom.com

One thing I've seen good traders do is quickly identify when they are wrong so they can wait to get with the trend correctly when it matters. Only 6 pts is tiny.

Myself, I finally took profits in a stock that was up quite a bit YTD, HPQ. Bought GE on the Oct 12th low so I think I captured the full rally from the low to today. It just feels like a top here unless we get a melt-up.... I pretty much stay at 70:30 asset allocation all the time but trade around the long term core positions.

I did buy a small position in NNVC yesterday to play the bird flu thing and the technical correction the stock had. Nice gain but just a tiny position. See suite101.com
This could be huge... or not. Pink sheets are that way!
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