LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: HG who wrote (13711)	5/1/1999 3:29:00 AM
From: BoNg-N-BoNg	Read Replies (1) of 43080

>>>Thanks - and yes, I am okey with being patient. But in the NTBK breakout scenario I described earlier, what would be a good point be and when should I have : 1) Bought if I was a buyer ? 2) Sold if I was a seller ? <<<< there's many scenarios but 1st of all, u have to seperate day trading and position/short term hold.. if u r daytrading NTBK, u indeed have to worry the volatility during the day but if u r in position/short term trading, u don't have to worry, be patienct andworry the next few days that follow.. If u r not sure when to buy or when to sell (assuming u r short) try one of this strategy: wait and instead buy/sell (cover short) them near the closing the bell..esp. if NTBK is currently above the breakout (resistance).. If u can't wait then, I like Scott's gap strategy instead... just me.. eL.. p.s. still holding SEBL bought at 39 5/8 w/ a loss for short term play. While I was away for few hours in the afternoon, it see saw between 40 5/8 and 37 before rebounding to 38 1/2.. that is a wild swing no stop loss this time.. if it can't pass the 41.50 + - a few tick on the next run up, I'll sell...

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