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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: gladman who wrote (3065)8/19/1999 1:28:00 AM
From: RC Stein  Read Replies (1) | Respond to of 18137
 
Hi Gladman. concerning entries/exits, I use QCHARTS, and usually have a graph with MOMENTUM,RSI,MACD,ON BALANCE VOLUME,STOCHASTIC and VOLUME displayed. I also have MOVING AVERAGES of 10,20,50,100 and 200 periods displayed. I have not been very good at getting in at the bottoms and out at the tops like some folks are so I just try and catch an uptrend and stay with it until I think its over. I look at all of the indicators, but generally pay most attention to the chart itself, and the moving averages, looking for repeat patterns relating to current conditions. Not very scientific I know, probably too much gut feelings, but has worked very well for me. I don't ever buy something because I HOPE it will go up, some times I may go 2-3 days without a buy, but then on the next day jump into 3-4 different stocks that "look right" to me. That may be one of the reasons I have such a hard time selling, I've waited so long to buy, that I hate to sell when it drops below my stop. But I'm getting better, its just a matter of discipline and experience.