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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: steve susko who wrote (15982)11/30/1999 11:39:00 AM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
I still have my core on LPTHA from way low. . .but of course any speculative positions are bought and sold on technicals. . . and when momentum hits, I often stop posting my buys or sells so it doesn't influence the trading one way or another.

I buy and sell my 2nd positions on technical indicators and my 3rd positions or swing trade position on momentum. . . .this method is like armor to your trades.. .. it keeps me from losing any money as the price fluctuates, while it helps to make small winners into bigger winners when the big moves come in. . . .I watch money flow and trade volume. . . and watch the Time and Sales to see who is doing the buying and selling. . . .

It is this combination of 1st position=long-term, 2nd position=safe position and 3rd position swing on momentum. . . .that puts armor around your trade. It is nearly impenetrable.

The bad part about this type of trading, is that lately [with all this volatility] I have to make 50+ trades in a single day. . . .I don't like that type of trading. . .for that matter, I don't like the trading part of the day at all. . .which is why I am going to get someone to do all my trading for me soon. . . . so I can stay objective.

Rande Is