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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Sir Francis Drake who wrote (8890)6/12/2000 10:45:00 PM
From: Threei  Respond to of 18137
 
Morgan,
very good points, thank you!
I know exactly what you mean about observing the stock getting familiar with its personality. Interesting that your description of how you apply it to handle shakeouts is exactly how I use this "familiarity" with stock. A while ago I noticed that OMKT bounces from its lows in very distinctive way, with some tricks that are being repeated almost every time. It helped me to stay in trade when general rules would get me out.
As we know, nothing is absolute... adjust or get eaten :)
Just one rule is forever: don't be a sucker! (Jesse Livermore) :)

Vadym