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

To: TraderAlan who wrote (5460)	11/15/1999 8:31:00 PM
From: shasta23	Read Replies (1) \| Respond to of 18137

Alan, Thanks for looking at that trade. You said:"You didn't say exactly what you felt your holding period was going to be." Interesting that you write that because it actually opened my eyes that i really wasn't clear about that!! That lead to the mix up of entry point and stop. During the day i also noticed that the stock was basing right under 26 and even the Indexes turning negative didn't let the stock drop. At that point i was tempted(gut feeling) to scratch the trade but then stayed with it because in other occasions the stock then turned still in my way but i had closed the position. "you're right you should have waited for the rollover OR given your stop a lot more wiggle room" More wiggle room since i couldn't be sure we were already at the top and indicators still pointing up? And 2 points on the stop since that's where the 200SMA is and the downtrendline? BTW...you use the RSI7,3 as far as i remember. When you go short do you wait for it to drop under the MA or do you also require it to go under 70(e.g)? Thanks again for your effort!Really appreciated.I will have to get clearer on time frames and stops... Stefan