TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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

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To: Rashid Garuba who wrote (3116)	9/16/1998 10:10:00 PM
From: TATRADER	Read Replies (1) of 59879

Rashid, be sure and read the chapter about volume, pages 271-277....My irritant with trailing stops is that when I set them at 3% below entry, the Market Maker many times seems to just come down for my shares, and then depart to higher ground...But I have to tell myself, I can survive a long time on 3% losses, but a big loss takes me out of the game for good...If we are patient we will find the grand slam stocks and ride them for all they are worth...But we must always trail them with trailing stops to guard our profits..... I am trying to analyze USWB today....It gapped at the open to 12 1/4, and then at 10:30 it was below the gap price...That is a technical signal to sell...But it muddled around the 12.00 level for sometime, took a quick hike to 11.75 and then moved back up above 12.00...Closed near 13.00 and will probably hit your 15 target within the next 2 days...What was it in the movement of that stock, that told the trader to sit tight?...I guess the stop should have been set 5% under yesterday's high at 12.06...That would have placed the stop at 11.45, and it would not have gotten triggered today...I am constantly analyzing stocks where great profits can be gained if disciplines are followed correctly....Regards, Mark

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