Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Walter High who wrote (10394)	6/19/1998 9:39:00 AM
From: LastShadow	Read Replies (2) of 120523

Losses: Taking a 30 day breather is one of the recommended approaches. Another is to reenter for the rebound and declare it as a wash sale. Also, since I will calculate trailing stops based on both $ and % change, I may intervene in the mechanics of the model to post an exit. I will not post the trailing stops, but I will provide guidelines on how to calculate them. That way I hope to minimize losses. I won't be removing any stock because one trade is not profitable - the reason for this is because someone deciding to enter, or at least paper trade or track the account should be able to do so at any point in time. The longs will be long until an exit and short is posted, and vice versa for the short positions - gains will be less, of course, but my assumption is that people will just paper trade the picks for awhile to get comfortable with the results and process before dooing live trading. I will abandon stocks (remove them from the list) if the price oscillation compresses to something that is only profitable intraday, or flattens to where one isn't making appreciable gains. lastshadow

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