Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Rashid Garuba who wrote (1367)	8/2/1998 11:39:00 PM
From: Ken Wolff	Read Replies (1) of 2120

Yes, Rashid, they can take advantage of you if do not time it right. I suggest an exit early early on when the stock is still rising but starting to falter. If you try to exit after the stock has turned and dropping it is too late anyway... and a limit order may get bypassed leaving you holding the bag... All or none orders can also leave you holding the bag if you do a limit order.. as I say in my book.. "when I want out I want out". I would rather have a stock sell off in steps on the way down than to be left holding the bag... Remember folks... I only throw out my methods as just one method that I believe works.. it is not the only method that works. There are many other methods and traders that have great techniques. Looking forward to hearing from some of the more experienced traders out there to help me field some of these questions.. :) Good Luck Ken www.mtrader.com

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