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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (14625)	2/22/2000 11:26:00 PM
From: PHarris	Respond to of 59879

Couldn't have said it better myself. I've been trading in earnest for about 8 months and I'm continuously fine tuning my trading philosophy. For me getting out of a bad trade is easier and more liberating than closing a profitable position. I'm finding myself remembering those that got away as opposed to those that nearly "put a stop to what I really enjoy". I've been using IBD, Clear Station,BigEasy Investor and TATRADER GIZZARDS to screen stocks for possible profits. Maybe I need to keep a log and find out which of those venues has been the most profitable. How about ERGO? I buy it therefore I am? IDS is moving up nicely, I think. Looking to enter ECTL 3 5/8 I'll get out of AZTC tomorrow if it looks as though it won't close above 7.

To: TATRADER who wrote (14625)	2/23/2000 9:09:00 PM
From: JACK R. SMITH JR.	Read Replies (1) \| Respond to of 59879

Trader, Thanks for the info, new trader Jack has his stop at 6.00 on AZTC, and do you think that I will get taken out or not? Not quite a Daytrader, yet! Jack

To: TATRADER who wrote (14625)	2/23/2000 9:53:00 PM
From: Rashid Garuba	Read Replies (1) \| Respond to of 59879

Mark, Thanks for the excellent post.. may I add to that? How does a trader end up in a large (relative to account value) losing position?? Without breaking a few rules like proper TA, entries, trading in the direction of the market trend, using stops.. etc., really hard barring an Oct. '87 type meltdown. And you know what I think is the number one cause some of these rules are violated?? OPINIONS!! The stronger opinion gets, the weaker the objectivity. I know some that bought online brokers in December anticipating good earnings and believing they could only rise. I have sometimes considered tossing my "favorites" list as, when technically unweeded, exposes me to errors. Finally, I have to politely disagree on the size adjustment as account value grows. If an account worth 100k used in 5ths (my comfort level) grows to, say a mil., I would move to more liquid markets instead of increasing the number of markets, afterall, a 5th is a 5th is a 5th. Granted, I will eventually run out of markets, at which point I would likely bank the excess. I see TA as a tool to reduce loss as well as allow concentration in positions. This is how I've traded for a while and may make another trader quite uncomfortable. Maybe I trade this way because I am just not sharp enough to handle more than 5 positions at once... Would make a neat experiment.. take 10k, do TA, pick 5 stocks, after proper entries set 3 to 5% stop losses and plan on selling each on it's first declining day after 3pm. I may try it someday and track the results for a year... Rashid