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Gold/Mining/Energy : PAVLOV SHORT-TERM TRADING

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To: xray who wrote (99)2/16/1998 12:19:00 PM
From: pavlov 1  Read Replies (1) of 137
 
Trading opportunities come and go as they please at a moments notice, Allen. You simply have to be there to take advantage of them. As far as different systems are concerned, the circumstances have to be there to give credibility. Trading can be extremely risky or hardly risky at all. It depends on how you choose to play. You can trade riskily by buying momemtum stocks in explorations or companies with high P/E's(or none), or, you can trade less risky stocks by timing earnings or current events. You can minimalize the risk by following a chart which shows you support and resistance levels of that particular stock. The safest trading is in good quality stocks that are bouncing off their support levels. If they break that support level, get out quick and minimize the risk. On the upside, when resistance levels are within a couple of percentage levels above, sell the stock. No use in trying to get the top price. The worse kind of loss is when you don't sell the stock and it comes back down to under what you paid for it. In trading there is a saying for when you are in a profit scenario: "Take the risk...or take the money.". The upside should be huge if you are going to take the risk because if you take the money, you are refuelled to play it, or another, again. INFORMATION and being INFORMED (the merits of the company) about a company is paramount to being a successful trader. If you are not making informed decisions you are destined to die by the sword, in the long term. Rule # 1:NEVER,NEVER faPOST /~wsapi/investor/sreply HTTP/1.0
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