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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: sixty2nds who wrote (8797)3/30/2006 10:22:01 AM
From: chowder  Read Replies (3) of 13449
 
Most of my buy orders are market stops. At a specific price, it turns into a market order. This is important when you are buying stocks in an uptrend. You may not be able to get a specific price and my attitude is that a few cents more isn't going to make any difference in the longer term time frames. In fact, I'm willing to pay up to 5% more than anticipated for a long term trade.

I've had success with RAD in the past. I've traded it a couple of times where I pulled in better than 100% profits on each position.

That may not happen this time, but I do have a position that is up 14% at this time.

dabum
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