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

To: darline cook who wrote (34137)	2/22/2000 1:16:00 AM
From: Doug R	Respond to of 79227

Darline, The stock mark is not a contest against any stock. It is not a contest against yourself. It is not a contest to see if you can buy at THE bottom and sell at THE top. The stock market is not as dire a vehicle as most people assume it is. The stock market is a tool. To use it consistently you have to first define a reasonable goal and apply methods of utilization toward reaching that goal. If your goal is 20% gain per month and you reach or exceed it with any stock or group of stocks it's your goal that remains constant even if the stock or stocks continue higher without you. A goal of 20% per month can easily be exceeded by applying charting techniques that define supply and demand in order to stay in a stock that "takes off". If the market hits a rough patch and a stock's chart still favors demand over supply across a predetermined timeframe, you can know it. If your risk tolerance is 8% loss in a month and you hit it, you make the appropriate adjustments. You can engineer your timeframe to supply/demand dynamics that are known to you (because these dynamics are predetermined by the chart) in order to tailor exit points to suit your goals. Once you use the tools I teach within the bounds of reasonable goals properly, you end up with greater control. Control is the main factor. Doug R