Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 190.23

+1.8%

Nov 14 9:30 AM EST

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To: Poet who wrote (1339)	12/8/1998 10:29:00 PM
From: MMK	Read Replies (3) of 56534

Poet and all, Poet asked Triffin about a buy stop. I think I can answer. Please correct me if I'm wrong Triffin. Hope its OK for me to answer. If you want to buy a stock but want to buy only if the stock is on the way up, place a buy stop at an amount higher than the price. That way, if the stocks drops, you won't have bought at market and then take a loss. I think this is momentum play technique. At least I read about in Jeff Cooper's 5-Day Momentum Method. He buys at, I think, a 1/4 increase from last days hi and places a sell stop at same below last days low. I can check in his book tomorrow if anyone wants specifics. Don't forget stops-MMK

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