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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (25633)	3/17/2000 4:49:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 70419

HI STEFAN! Talking about work and being tired, I hear you! Let me give you a tip that helped me when I was trading more actively. If you're an active trader, you need to come up with several themes and several stocks that fit under each theme and then make up a dated watch list that you use over several days period. There are many themes that you could play. The important thing is to pick a few that you feel most comfortable with and try to master them. Also, once you master this technique, understand how to play these themes, and you come up with this short-term list, don't let other things distract you. Stick with the list for several days and just keep on adding to it. For example, if you have an oversold theme and the stocks under that category are still selling off, don't take them out. Just hang in there and keep on watching and following whatever the story is until you see a turn-around. You can integrate your notes as part of your watch list portfolio under quote.yahoo.com. You know I like doing that. That is important because as you're looking at the stock price, you're also reading why you're following that stock. If your list contains 20-30 stocks, it is difficult to remember why you were interested in those stocks to begin with and what all the twists were. For example, some themes=categories could be: 5dOS=5-day Oversold 5dOB=5-day OverBought NewMo= New Momentum NH_DV=New high on Double Volume 5dPre_LockUp= 5 days before lockup 5dPost_LockUp= 5 days after lockup Here is an example for the Lockup theme: ****WATCH0317 OS_ACLA_IPO_NEXT_MON_50DMA120* CALP 5THDAY_45%OS_LOCKUP0312_50DMA28 NSIL 5THDAY_30%OS_LOCKUP0315_HELD50DMA140 VITR 5THDAY_20%OS_LOCKUP0315_50DMA130 ICGE Symbol Last Trade Change Day's Range Open 52-week Range ****WATCH0317 No such ticker symbol. Try Symbol Lookup (Look up: **WATCH0317) OS_ACLA_IPO_NEXT_MON_50DMA120* No such ticker symbol. Try Symbol Lookup (Look up: *OS_ACLA_IPO_NEXT_MON_50DMA120) CALP Mar 16 77 -2 1/2 -3.14% 73 86 3/4 85 27 13/16 202 5THDAY_45%OS_LOCKUP0312_50DMA28 No such ticker symbol. Try Symbol Lookup (Look up: 5THDAY_45%OS_LOCKUP0312_50DMA28) NSIL Mar 16 24 1/8 -1 1/4 -4.93% 23 26 5/8 25 1/4 9 49 5THDAY_30%OS_LOCKUP0315_HELD50DMA140 No such ticker symbol. Try Symbol Lookup (Look up: 5THDAY_30%OS_LOCKUP0315_HELD50DMA140) VITR Mar 16 140 1/2 -8 3/8 -5.63% 135 160 153 15/16 15 5/16 212 5THDAY_20%OS_LOCKUP0315_50DMA130 No such ticker symbol. Try Symbol Lookup (Look up: 5THDAY_20%OS_LOCKUP0315_50DMA130) ICGE Mar 16 117 3/8 +39/64 +0.52% 108 1/16 122 5/8 119 1/8 7 212 ***watch_0320** ..... ..... *watch_0321**** ........... You must do a bit of research on each stock to know what the story behind rise/drop is....That's very important. If you just jump in and out, sometimes you're right and sometimes you're wrong which really doesn't help your confidence. If you do your homework and based on your work start improving your trading, you'll gain more confidence as time goes by which helps you feel good about yourself. When it comes to trading, you have to feel good about yourself and as you feel better, money becomes less of an issue and so on...... Try this if you get a chance and let me know how it works out. Clint