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Strategies & Market Trends : Pitbull Investing Strategies

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To: conrad grant who wrote (552)12/12/1997 5:53:00 PM
From: Doo  Read Replies (1) of 789
 
conrad: First, it's not a Pitbull. Check every criterion and I think you'll see why. Second, if you're going to cheat (which I like to do), you should throw out the Monday market order routine. Try to catch the stock when the volume dries up and the price settles after the breakout. Then, buy it, and set a Pitbull stop which will now have a much greater likelihood of holding at the same amount of risk. Sometimes, you'll be able to avoid the PB's recommended risk on trades like that.

BTW, the "M" gave no Chapter 7 indication of the carnage which has befallen the market. I got hurt pretty badly, myself.

Jeff
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