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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (1802)7/26/1998 1:18:00 PM
From: Pullin-GS  Read Replies (1) of 59879
 
I lost the lottery all the times I play....but of all the times I played low priced stocks (my comfort range starts at +$5 90% of the time) I win > 50% (currently about 70-75% hit rate for the year) of the time....

I read that article Mark. Lots of good basic information for the new investor. However it would appear that some of this week's IBD "26 Weeks to Investment Success" would not apply to an experienced trader or investor such as yourself and others on this thread.

I must admit that the above 50%+ hit rate is for quick in and out trades, where the stock ends up lower in the long run. And I often play these little sub-$15 dollar stocks short as well. Someone ends up holding the bag. It used to be me on many occasions while I was learning early on.

One thing that stuck out was the statement that suggests if you dont learn a system of discipline and stick with it early on it will be more difficult to adjust at a later date. This is so very true. I am still struggling.

Regards....
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