LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (929)	10/6/1998 1:32:00 PM
From: Magnatizer	Read Replies (2) of 43080

Last perhaps this could be a lesson. I know I learned something. Played LU short after it triggered the sell by dropping below 15/16. Only, it did not just drop, it gapped over. Thinking it was going down hard and fast I shorted asap and entered at 3/8ths. The next 30 minutes I watched as LU came back to fill the gap. Lesson learned, I should have waited for the gap to fill prior to entry. Hung on and exited for 1/4 but it should have been so much more. Is this correct to wait for a intraday gap to fil if it goes over a set entry area? thanks david

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