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

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To: Electric who wrote (10312)	6/16/1998 7:29:00 PM
From: Chris	Read Replies (1) of 42787

trade review: very simple DELL trade you did. you knew 80 was 50 day ema. strong support.. you knew that exit would be any break (on close) below 78-79 (not too tight in case some sells below 80).. you probably used a buy limit (and sat back while it got hit.. you let DELL do the decision making).. in couple days, DELL bounced from 80 and closes today near 85. you knew 85-86 would be near resistance.. not willing to lose your great profits, you took them.. and not worry abt getting the peak/top of this little bounce. YOU DID WELL. TEXTBOOK of an unemotional trade.. you had your trading range.. sell stop below 78 to exit in case of crash.. and let DELL ride between the 80-85(6) trading range.. congrats.. i know many people would have screwed up on this simple trade.. b/c of a lack of a trading plan and exits/entries planning.

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