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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: milesofstyles who wrote (31363)	7/29/1999 11:21:00 PM
From: milesofstyles	Respond to of 79230

scan hits mini semi theme it appears... ALSC,ALLIANCE SEMICONDUCTOR CORP COM,30dayvol 844853.312,5dayvol 634960,strength 99 BRLI,BIO-REFERENCE LABS INC COM PAR $0.01,30dayvol 83160,5dayvol 90740,strength 75 CAMP,CALIFORNIA AMPLIFIER INC COM,30dayvol 259366.672,5dayvol 186560,strength 98 CORR,COR THERAPEUTICS INC COM,30dayvol 366916.656,5dayvol 417080,strength 90 CTSI,CARDIOTHORACIC SYS INC COM,30dayvol 83390,5dayvol 91600,strength 96 FFTI,4FRONT TECHNOLOGIES INC COM,30dayvol 78310,5dayvol 30660,strength 73 FLSH,M-SYS FLASH DISK PIONEER LTD ORD,30dayvol 213376.672,5dayvol 92980,strength 98 GGNS,GENUS INC COM,30dayvol 263400,5dayvol 175140,strength 98 IMAX,IMAX CORP COM,30dayvol 100113.336,5dayvol 111420,strength 79 ISLE,ISLE CAPRI CASINOS INC COM,30dayvol 167803.328,5dayvol 121180,strength 94 MRVC,MRV COMMUNICATIONS INC COM,30dayvol 496850,5dayvol 543580,strength 88 NMSS,NATURAL MICROSYSTEMS CORP COM,30dayvol 285966.656,5dayvol 114380,strength 97 NPIX,NETWORK PERIPHERALS INC COM,30dayvol 301306.656,5dayvol 284560,strength 99 PHTN,PHOTON DYNAMICS INC COM,30dayvol 96320,5dayvol 36280,strength 96 PLPT,PULSEPOINT COMMUNICATIONS COM,30dayvol 50620,5dayvol 24760,strength 76 PSEM,PERICOM SEMICONDUCTOR CORP COM,30dayvol 202310,5dayvol 166400,strength 97 SCNI,SPECIALTY CARE NETWORK INC COM,30dayvol 299916.656,5dayvol 163380,strength 99 TLCM,TELCOM SEMICONDUCTOR INC COM,30dayvol 418403.344,5dayvol 276160,strength 99 WAVE,NUWAVE TECHNOLOGIES INC COM,30dayvol 102816.664,5dayvol 59900,strength 98 WSTL,WESTELL TECHNOLOGIES INC CL A,30dayvol 587750,5dayvol 344460,strength 91 milesov

To: milesofstyles who wrote (31363)	7/30/1999 12:30:00 AM
From: bdog	Read Replies (2) \| Respond to of 79230

welcome back lowcapsmanov, nice post. bdog

To: milesofstyles who wrote (31363)	7/30/1999 9:24:00 AM
From: wittder	Respond to of 79230

Welcome back Miles, I have one problem with that post.. <again, many books address money mgmt as an important aspect towards the longevity of this as a career. the amazing thing i have found from these readings is that most "professionals" don't risk more than 1pct of equity on any given trade. > I sucks when I can only buy 8 shares at a time<ggg>... thought you where vacationing again, c ya out there. wittder

To: milesofstyles who wrote (31363)	7/30/1999 10:31:00 AM
From: wmwmw	Read Replies (1) \| Respond to of 79230

milesofstyles , n one of your posts you address shorting a 3 day move up of 30 pct and adding to the short position if it finishes higher in the following days...how do you do that if you immediately go fully margined as you've stated? seems you have conflict to your strategy there,in consideraton of your strategy, wouldn't it be better to take half of a position initially? This is not my strategy. I offered it only compared to Doug R's ACT/IL pattern, both of them can indicate oversold condition. My self always use margin. second, not developing your trade plan before entry seems to me to be very dangerous, almost amateurish for daytrading/short term positions. at some point, this allows the emotion of a position to enter the picture by not having a target/exit strategy. many books on trading discuss this topic at length, its at least been my experience when i don't adhere to my plan, or didn't have a plan, i don't know what the basis is for an exit and losses become worse. I think one can't do well by planning before entry. Market situation is changing, technicals factors are not clear at the time of entry, that is, I may know a stock will go high but to what extent I have to wait the stock's action later to show me its further potential. If you saw my BEAM trade, you may find I exited on next day morning when I found the stock lost its steam, but I had expected it to go above $30. This has nothing to do with emotion, but depends on one's technical strength. When I mentioned "not to be called on margin", that was for the worst case, the probability is very small, but I have to prepare for that situation. If I really thought the probability is relatively high, I would exited by the end of the day. Actually in that situation the best I should do was to hold. By fundaments the stock was still more likely to go up, but techs showed the chance was lower than previous day and its immediate downward probability increased, margin call situation may occur but still very small. I exited at yesterday open, because I thought that time the chance was high enough for me to exit. Although the stock is up now, I still think I was doing a right thing. As for using full margin, I admit my action is not appropriate from a money management view. But my nature loves gambling, and this practice made me more sensitive to short time stock movement and I am doing well with it. This is my game and I don't recommend anyone else to do. I also never read books, stock market is a war between people, you have to do better to beat others. Once a knowledge become known to public, it becomes useless. For the guy, Subject 23993 He used to post his real time trades, I was watching his 20-30 trades, each last for 1-3 days for about 20% gain,(like mine but no margin),only one had a loss position over 3 days but he held it after longer time for a bigger gain. Now he no more post trades for free, he charges $400-$1000 per month and got a couple of hundred customers. He used to be a market maker and has lot of market experience, especially has a superior ability to interpret company news and precisely judge the impact on stocks. But his TA is not so good compared to his fundamental ability. Only that he has some real time money flow information that others may not access.