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

To: Leland Charon who wrote (8912)	6/13/2000 6:21:00 PM
From: OZ	Read Replies (2) \| Respond to of 18137

My biggest problem is riding my winners. I do a great job of finding and entering the trades its the exit that usually frustrates me. This problem has plagued me pretty much my entire trading career. Leland, Sounds like you are a classic example of a Premature Evacuator... Usually caused by oversensitivity and excitement from scoring too much too fast. OZ

To: Leland Charon who wrote (8912)	6/13/2000 7:44:00 PM
From: Dominick	Respond to of 18137

One method I used I named 3 Com which means 3 commissions. Depending on the number of initials shares, I would sell a specific number of shares for a profit that would equal 3 commissions. For ex. if each commission was $15 I could sell 100 shrs @1/2, or 200@1/4, 300@5/32, 400@1/8 and so on. Now I'm trading free, so to speak. I could let the remaining shares fall to the original purchase price and I'm out at breakeven or a small profit. Depending on your time frame, I would exit if the price fell below the previous price bar's low. Or a 1/3rd or 1/2 of the remaining shares depending on gut feelings. Regards, Dominick