Trader J's Inner Circle Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle

NVDA 188.62

-0.3%

Dec 24 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: snerd who wrote (2659)	12/28/1998 4:58:00 PM
From: Cookie Monster	Read Replies (3) of 56535

I think we are all guilty of setting stop losses to high Snerd. I was looking at NAVR for example at $10.50 after I bought it and wondered if it was going to tank. I didn't panic and sure enough it climbed back to $11.25. I think the moral of the story is that we should all really be trading stocks we understand, and by that I mean stocks we have followed for days, weeks, months, or years. By doing this, we understand thier trading patterns and the market for each stock. For example. I have been following GRDN (guardian technologies) for a year or so now. Today it dipped below $1.75 and I know that this is the bottom for this stock. I bought in and I can rest easy knowing it will bounce back to it's normal trading range of $2.25-3.00. Not praying for a run....but instead being dillegent enough to follow this company (which I think will also be a big success in 1999) to know that I can make money when weak sellers come into the market. I guess my point is for most of us, unless you are a great trader with tons of experience, watch the stock for a while....then move in. Most traders work the same stocks over and over again all year long.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next