Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (5419)	3/25/1998 12:11:00 PM
From: shasta23	Read Replies (1) of 7396

HI MARK! I always start my posts to you with a thank you note for sharing picks and knowledge. Great learning material and still unbelievable how you do it timewise. Was wondering if you could tell me something about selling. I bot MGXI at 11 1/8 a few days ago (thanks LIZ for the tip) and was traveling til last nite and like you know it's up almost 20% in a few days.That's a quick rise and i always don't know what to do if a stock rises that quickly. Do you take profits although my short term indicators (stochrsi(8,5) or macd(5,35,8)are high but without clear exit signal or do you let it pull back a little to see if it goes to your target of 15 (like you said: ascending triangle from 8-11.5 makes target of 15) or until indicators give sell signal like 3 day pullback of MACD which might give all of the gains?? Feeling says: take profit, but mind says: trust system because feeling can be wrong...any comment about this would be appreciated. Stefan P.S. Have same problem with SESI which i bot at 8 1/8...

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