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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Roger Schelling who wrote (102736)	6/18/2000 9:39:00 AM
From: lee kramer	Read Replies (2) \| Respond to of 120523

Fine post Roger. The questions you pose are questions that all traders deal with, everyday, many times a day... at some level..whether or not they recognize it. I can't answer your question, I'm not sure there's an answer, but I'll tell you what I do. I accept the fact that I'm not gonna buy the bottom or sell the top. This means that after entering a trade I'm usually gonna feel some pain. How much pain I'm willing to take is where I put my sell-stop...keeping in mind of course trying to avoid the obvious areas where those who "gun" for stops are gonna get me. So I'll take a bit more "pain". This is "art" not science. And if say, I've got a 400 share position...I'll stagger my stops; if I bought the stock at 40 I may stop 100 at 38, 100 at 37 1/2, 100 at 37, 100 at 36 1/4. If I get stopped out of all 400 shares my "hit" is roughly 3 points. This sometimes happens, and I take the loss. Similarly, if I don't get stopped out I stagger sell on the upside. I might sell 100 at 42 1/4. Perhaps another 100 at 43 1/2. If I'm able to get these sales off I'll likely hold the remaining 200 shares if the chart still looks ok. And if it runs a bit more...I'll let them go. They may go higher still...but if I've got my trade, I generally take it. Especially in these markets. Keep in mind that I am A TRADER. If I buy at 40 and sell at an average of say 44 or 45...I am pleased...even if the stock doubles a week or a month later. The rationale; I'm pretty good at trading short-term...I rarely, again and especially in these markets, have the chutzpah to think I may know what's gonna happen a week, two or three from now. I'm not suggesting you adopt any of what I've just described...only that it's what I've been doing...both short and long...and has helped me survive and make a modest profit during the Great Bear Market of 2000. (Lee)

To: Roger Schelling who wrote (102736)	6/18/2000 10:56:00 AM
From: greenehugh	Read Replies (1) \| Respond to of 120523

SIVB buy/sell/hold question is a matter of science and art. FWIW here is my view: Short term I find moneyflow, block trades and uptick vs downtick value helpful while tracking the movement of the relevant index, in this case the BKX. If its a scalp, and the next bar or two act against you then sell. Longer term look at how the stock acts at 5 and 10 point intervals eg. 15/20 or 95/100 and how it has historically acted at those levels. As an example, watch how JPM acts Monday at 120/115/110. In a still longer time frame, the 50/200MA and PnF support and resistance levels for the index and the stock help along with TC2000 RSMA cross over points. Charts are history and therefore lag the next bar and if you are ever trapped in a fast downdraft and you own one of the best stocks in a given sector and there is no catastrophic news, hedge with some puts and just ride it out, as a regression to the mean will eventually bail you out. JMTC

To: Roger Schelling who wrote (102736)	6/18/2000 1:02:00 PM
From: Roger Schelling	Respond to of 120523

Thanks Lee and greenehugh for the indicators and strategies that came mind for these trendy tendencies. I have bookmarked many of these types of 'educational, experienced' posts, it is quite impressive rereading. These go in there. You know, I don't trade from the short side very much but almost all good traders do trade from both sides. It might seem like the obvious; by applying technical/fundamental and art/science to both sides, one can get a better feel for where the market wants to go. It will be beneficial to have shorts and longs on the 'watchlist' during all market conditions. Looking forward to that extra. Roger

To: Roger Schelling who wrote (102736)	6/18/2000 2:02:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 120523

Hi Roger.. here's few KISS method's i use to trade for a living... i have QCHarts real tick...a must..streaming is ok, but not good enough... on my open workspaces i have the following,,, a chart of the stock, with volume and ADX..period...no other indicators...inside the chart i have the 20 & 40 & 200 period mvas...thats it... i would get Steve Nison's candlestick book, and learn this TA..we are all using it now... to enter any trade it must happen from your DD using the Daily Candle Chart on the stock...once you enter the trade, move back to 5 & 15 minute time frames thruout the day...but you have to know what your looking at on that chart???, before you buy it or sell it short... next before you enter the trade...set profit and exit strategies...how much do you want to make or lose.. whats your pain tolerance..and what part of your trading capital are you willing to risk in each trade.. keep the trades small..forget 1000++++ share trades... do 200-500 max...make 1-2-3 points with stops at breakeven...and relax...breathe... you'll be surprised at how much better you'll trade if your not whippsawed out watching very short time frames like 1-2 minute charts..forget it... always watch the S&P futures, NAZ futures and tick and trin...more than enough to help make decisions on when to exit or enter... there's a lot more believe me..but learn 5-10 candle patterns..don't get involved in overly technical it will freeze you up..keep it simple.. and above all...tune out all the noise..Barrons-CNBC-etc etc etc...just learn to trade technically..just the charts only in front of your face... forget half the things you read here, unless it pertains to your stock, an upgrade or downgrade etc..everything else is nonsensical drivel...we are not investing here...FA is fine, but of little use when daytrading for a living... remember one enourmous point...the stocks being talked about here by Jenna, Me or other Gemmers, on the Watch List & Earnings Plays list, are head and shoulders above the rest...they have been scanned, and srutinized over and over again and again..why mess with anything else???? it's ridiculous...and of course, too many stocks to track are negative...pick 3-4-5 stocks and track them as they are called... anyway, best of luck...OJ