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Strategies & Market Trends : Metastock 6.0 for Window
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To: julianne carol grimes who wrote (2923)3/20/1999 9:54:00 PM
From: Richard Estes  Read Replies (2) of 4056
 
Well still not sure what indicators you used to buy but I assume they are still in a positive position. each indicator should provide you a trigger entry or exit, I set my MACDs to best buys and sells on a 0 line cross in a histogram. I don't try to outguess them. You didn't have a trigger for your sell, you had to guess what it said by "deteriorating?" line. If you had tested it or others and had seen it perform well you might trust an indicator to wait and tell you.

If you look at this stock, see if it is not usually the case to leave with the date that brought you. If you go in based on an indicator leave with it. If your emotions take over in a trade, you can find an indicator or a funnymental reason to back up your action. Was it your plan to leave if you thought the macd was turning down because the 21 day got closer to the 8 day MA? You sold on the day that momentum and volume turned up. the stock has ranged since august, you sold as breakout occurred. a line at 20 1/2 would have given you the breakout point.

You might have a sell signal right there on chart, what you entered with. as the price moved away from your buy, you could have set a stop at entry point. Then wait for trigger on indicator you can move stop up as you have more profit.Monday you might have it at 21 7/8. still waiting for the indicators, whatever they were to give you a sell.

I may not have given you what you want but I hope I gave you food for thought.
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