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

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To: Chris who wrote (12257)	7/17/1998 10:07:00 AM
From: Chris	Read Replies (4) of 42787

as i close out each chapter, it's important to go and review each trade at a later date. i admit im burnt out right now.. but i think i followed my entire trading plan perfectly. this plan is not a mere buy n' sell exits.. but this plan was an "ever-ending changing plan".. not only must you have a plan, but you must keep on "changing the plan" to accomodate any changes in the mkt conditions. one example is the setting of a mental stop.. Before the msft rally, i planned to use the 9 day ema as my exit mental trigger. However, as msft took off at a great upside angle, you can't use the 9 day ema to exit.. Instead I CHANGED YOUR PLAN to use the 5 day ema. Look at the numbers: MICROSOFT closed at: 117.375 The close is currently Above its 5 period exponential moving average (115.9029). The close is currently Above its 9 period exponential moving average (113.6155). 2 1/2 pt. difference between the moving averages. from a close of 117, you can see that it's a lot of PROFITS lost if you wait for the 9 day ema. 1) Be Flexible 2) Know the Risks of the mkt. Is it LESS/MORE risky? just some thoughts.

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