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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (76)	8/28/2000 11:12:39 AM
From: Sharck	Read Replies (2) \| Respond to of 37746

Allocation: OK a few words on allocation. Does this describe your trading patterns? Take a position at 40 bucks, stop out at 38, chase it to 42, stop out again at 39 etc,,, Here is what I do: Let's say your orignal allotment is 400 shares. Rather than take a position of 400 stock X@40, buy 1-200 X at 40. Mkt goes to 38 and starts back, add another 1-200. OK lets say it goes up to 42, reassess the situation. Do you add at 42, maybe? What is the story, what is the volume, what were your original intentions, (building a position or just a swing trade), what is NAZ doing, what are the peers in the sector doing? Answers to these questions can help you determine your positions. Next topic, stops....