Technical Analysis With Charts Message Board

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Strategies & Market Trends : Technical Analysis With Charts

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To: The Ox who wrote (4297)	3/1/2007 5:15:59 PM
From: MACD X	Read Replies (1) of 6865

Ox I agree, the indicators are all pointing up. I have chased this stock a few times and will not this time but it is time to enter if interested. stockcharts.com Proper use of technical analysis is better than catching a falling knive, those that entered this stock on the contrarian alert are down 50% too much risk for my blood. I am down about 15% on my two trys. Also too much for my blood as well. Jack Chan uses a 3% risk level on his trades, but I am in disagreement with him on this subject. I is very easy to find 3% risk trade on 80 dollar stocks but as the price goes down it becomes more difficult. It is my thought that risk of 3% is ok for stocks over 50 dollars, then as price gets lower the risk tolerence goes up. For example a 20 dollar stock may be ok with a 5% risk tolence and a 5 dollar stock maybe as much as 8%. This is because the risk reward is higher on lower priced stocks. I would be interested in hearing others views on this subject as it is part of my trading stratagy and things that I believe in.

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