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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Cage Rattler who wrote (4305)12/23/1997 2:49:00 PM
From: Chris  Read Replies (5) of 42787
 
1997 trade summary/lessons:

It was one year ago, that i started trading.. my first two trades were CATP and PCMS... lost on both of them <g>
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as i review my trades, here are what i am doing for next year:

1) cut losses.. 8-10% max.
2) mental/hard sell stops is key
3) follow your signals
4) stop watching CNBC
5) less reading on "stock-specific" threads
6) follow the mkt direction system (trade results improved dramatically if no trades were done during the "red light" signal)
7) continue to use clever buy stop techniques.
8) use 2 buy orders (small position if unsure, and add more if rally confirmed)
9) dont fight the top/bottom
10) don't bottom fish when stock just tanked.. many other fishes in the sea
11) most profitable trades have been those that have been basing for at least 2-4 weeks
12) Moving averages are the key.
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hope it helps ... i wish you all of you lurking and reading a MERRY x-mas. im looking forward to ANOTHER great trading year for 1998. I barely failed to beat the mkt this year.. but i hope to do it next year..

SEEE YAAA

Chris
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