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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (383)	8/20/2000 8:58:55 PM
From: silentj_	Respond to of 100058

Borrowed/stole from Olney.... who knows a lot more than I do, I suspect. :) users.chartertn.net Who knows if this will come to pass.... but if it does, you had better make sure you have well-tailored buttons holding your trousers up. If you are one of the fig-leaf people, just watch out.... :)

To: bcrafty who wrote (383)	8/20/2000 10:49:15 PM
From: lakeoffice1	Respond to of 100058

bcrafty, Thank you for your nice comments. As far as posting my trades, I post a lot of my trades regularly, since I use them as a tracking-learning device for my college students. This is a two edged sword because not all of my trades work out as anticipated-but at least I have the courage to post them for my students to learn from. "What attracted me to HLIT"? It has been on my watch list for over a year now. Like to keep around 25 stocks on it, some move on it, some move off. Your only have a limited time for research (it is nice to have a life also), so you have to use it wisely. Every evening I use TC2000 to scan the action of all indexes and over 7000 stocks. This is a VERY important tool and cost only 30/month. After scanning the market each evening, I then determine the support and resistance of each stock that I have on my playlist for each day. In a sideways market, it is more difficult to make money. For instance, I realize that greed is one of my biggest enemies so in this type of ping-pong market I set my daily profit projections to a conservative $500/day. This is low, but attainable if you do your homework. Sometimes, I make more by setting a goal of only $250/day. What does this mean by practical terms? When my goal for a stock is met, then a trailing stop loss is placed, so if it keeps on going up (or down when shorting), then I haven't lost out on any profits. Also tight stops when a trade goes wrong was one of the most difficult practices to learn-but you can't make any money on dead money. After I get my playlist for the day then-Dr. Bob's analysis are my parameters for the trading day. Before trading, I have my goals in front of me on a four foot erasable message board. All index, support & resistance lines are in front of me at all times. Long transactions are in green ink and shorts are in red ink. I never enter a trade without having an exit point predetermined, well, almost never. My trading cockpit allows me to run multiple monitors at once. CNBC is on in the TV, to take advantage of a stock being talked up and ripe to short after a few 10 or 15 minutes. Before the day I have WOW, windows on wallstreet programed with my day's playlist. This is where I first noticed HLIT's run on Friday. It is an intense program and well worth the money. It's downfall is the absence of two very important indicators NAS Trin and Futures. You have to have these indicators to get a clearer picture. I got in at 27 7/8 with 500 shares on Friday. One thing about buying, I figure my price and let the price come to me-never chase a stock. I bought HLIT for a quick pop on Monday and possible announcement of the news that made it jump to 30 with high volume. Will put in a trailing stop loss on 250 shares and then will trade the other 250 shares depending on the nas trend. When buying, if the price doesn't come down and meet my bid, then it wasn't meant to be. Don't worry, and NEVER chase a stock. I buy stocks like fishing. Put out several (lines), low price bids on the stocks I wish to own, or several high price bids on stock that I want to short. If they hit then fine, I got them at my price not theirs! You don't catch fish on every outing and you don't always buy the stock you want everyday but that's life. If you wish to discuss this further, you can contact me at lakeoffice1@ragingbull.com. bcrafty, have some fun and make some money!