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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!!

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To: Susan Saline who wrote (170)1/3/1998 11:50:00 AM
From: Double Dipper  Read Replies (1) of 1100
 
Cents,

I am very new to TA and am mostly experimenting and learning.

I follow CPSS, IFCI, FINL, THQI, BTGC, REAL, and TMSR, and am adding
to my list almost daily. I currenly only have positions in THQI and IFCI. THQ is long term and IFCI for my experiment here.

I bought 2K of IFCI on Friday at 4 7/8 which includes margin.
Since I am still in my infancy on TA I am not relying on it
totally. I use STO to tell me when to buy, and am testing
percentages as follows:
Gain one day 15% - Sell
Gain two day 25% - Sell
Gain three or four days 30% - Sell
Four straight days of Gain - Sell
Loss - 7% one day - Sell
Loss - two days 10% Sell
Loss - three days - Sell

As I learn to understand the charts I will shift my strategy.
I need to learn move about RSI, Momentum and just about
everything else. As I've said
I am only a beginner day trader as opposed to long term investing and
have many lessons to learn. I have gotten stung by both big
companies and little ones but am not risk adverse. I try to be
prudent and make sure that a company has underlying fundamentals
before I venture into them. So far I have made the 1k
per week or more several times over the last two months,
but it has been hit and miss and not without some well placed
lessons (DEPO) along the way. I don't follow hype but will
research leads from the various threads to see if they have
potential.

Advice is welcomed criticism ala constructive is always useful.
Tips, Hints and fellowship are appreciated.

Kevin
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