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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (34921)	9/14/2000 1:59:19 PM
From: mike machi	Respond to of 57584

~And that is just for those who were HOLDING through the volatility. What happens all too often is that people buy on green days and sell on red ones. .. over and over and over until they are destroyed~ I wonder how many people just blew positions because of stop losses., Damm if you do., dam if ya dont? Mike

To: Rande Is who wrote (34921)	9/14/2000 2:04:03 PM
From: Trevor Blake	Read Replies (1) \| Respond to of 57584

A timely question. On August 23 you posted message 32688 in which you asked for the thread to help you look for gems at or near 52 week low. Budlight007 posted message 32696 in response with 36 Naz stocks at annual lows. If someone had purchased 100 shares of each stock then, the cost would have been $28618.75. Despite the roller coaster ride since Aug 23, during which time many will have lost their accounts trying to day-trade, the portfolio is now worth $32652.50. An impressive 14% gain under the adverse conditions. Interestingly, only 3 of the 36 stocks chosen have performed negatively since Aug 23. Looking at the list, some stocks could easily have been discarded as junk and the gains would have been greater. Perhaps this is an indication that picking lows and having a little patience (three weeks, less with holiday) pays off. cheers Trevor

To: Rande Is who wrote (34921)	9/14/2000 2:14:33 PM
From: moufassa7	Respond to of 57584

Rande Is. to many questions for me to ponder all at once, but the best way to survive volatility is to expect it. I'll try to expand my thoughts after market closes. Darn it missed shorting HYBR @ 13 1/2. Oh well.

To: Rande Is who wrote (34921)	9/14/2000 2:42:10 PM
From: Smart_Money	Read Replies (1) \| Respond to of 57584

It's raining and my Cable internet goes out, again. Just now rebooted and it's working. Fingers crossed!

To: Rande Is who wrote (34921)	9/14/2000 2:53:12 PM
From: herringbone_100	Respond to of 57584

here is my strategy- significantly altered this year as opposed to last year's : cut buying and selling to 1/2. for example, in happier times, according to TA, i would buy 1000 shares of a fast-moving and trending stock like TLGD. now, i buy only 500 after i feel that it has sold off significantly- like i bought 2 days ago 5oo shares at 102. i HOLD through losses- no hard stops at all on intial buy cause worst come to worst i will be stuck holding a stock i am prepared to hold for years if need be. as soon as there is movement in the right direction, i sell 1/2- 250 for profit- today sold 250 at 114. holding other 250 shares and placed hard stop at what i feel is appropriate place where if i get stopped out- it will be with profit. i am trading only 50-65% of portfolio value and only in about 5 -10 stocks i am intimately familiar with and at peace for holding through the end of the year at least. in other words i am always at least 35-50% cash and rotating small amounts of the same stocks over and over. i am not buying breakouts unless i can catch a breakout from a beaten down trending stock very early. in other words, i am mostly breaking my convential rules and buying on red down days where it makes me sick to buy... i will immediately sell half at the first decent profit i have. so i have odds and ends of stocks in portfolio- some with losses, but i am prepared to hold.... i am no longer selling for losses. because since april, EVERY single time i have gotten stuck with the initial buy in the red, it HAS come back EVERY time- this is working very well for me b/c i am only buying where no one else wants to. i stand aside and just watch in envy where a stock takes off without me- the risk is too great that i will be caught holding the bag if i buy at highs. basically, my return is only about 48% this year as compared with over 165% last year.... but i am thrilled to just be in the black in this vicious market. i don't know if this will help anyone, but actually, my 'method' is very much based on your past teachings of slowly accumulating stocks you like- selling portions at highs and keeping portions etc etc. so thanks. another, i am following carpino for overall market direction- cycle lows and highs and a dude called Zeev and his turnips has been immensely successful in market timing Member 1524751 good luck everyone

To: Rande Is who wrote (34921)	9/14/2000 3:26:50 PM
From: charlie mcgeehan	Read Replies (1) \| Respond to of 57584

<are you surviving the wild volatility>... i have almost completely stopped daytrading and i am now position or swingtrading usually 3-7 days. based on my ta: for example if i go long on a stock my direction is usually correct it just takes more time to get there... there are black candles interspersed with the white but the white candles are bigger. previously i was getting whipsawed out of too many trades. conversely the same is true for short positions. charlie

To: Rande Is who wrote (34921)	9/14/2000 3:39:11 PM
From: mistermj	Read Replies (1) \| Respond to of 57584

Rande:Volatility as a weapon Check out this thread on SI.I think they are on to something. Subject 21685

To: Rande Is who wrote (34921)	9/14/2000 5:42:01 PM
From: Robert V. Cavaleri	Respond to of 57584

Re: Surviving this volatility Interesting that you asked. I realized that even thought I go long and short, that I have a tendency to be optimistic and hold long trades longer than I should during a market turndown. To try and remove more of the emotion from my decision making process, I bought MetaStock, and use it with BigEasy to develop trading systems that are adaptable to varying market conditions. I have not completed the complete system as of yet, as I am trying to make it very robust. I hope to have it completed by xmas.