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

To: shasta23 who wrote (25975)4/4/2000 3:28:00 PM
From: PartyTime  Read Replies (1) | Respond to of 69967
 
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To: shasta23 who wrote (25975)4/4/2000 3:48:00 PM
From: Johnny Canuck  Respond to of 69967
 
Hi Stefan,

It sounds like you did all the right things, but you timing was a little off. You sold a break of support and then bought what you perceived was support intra-day and then booked profits as we rallied to resistance. When it gets this bad the safest strategy is to intra-day trade the bounces unless one knows the stock fundamentals well, has a long time frame and can afford the short term paper losses.


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