Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John NY who wrote (114772)	10/6/2000 12:00:03 AM
From: SMALL FRY	Read Replies (2) \| Respond to of 120523

John, It's as simple or as complicated as you can make it... I keep 5 stocks well researched, know the resistance/supports, current events, etc... I set my alerts and when they trigger... it's automatic for me, I sell/buy. In btwn alerts I scan for news... If you keep a little stable, you can play them more efficiently... up/down/sideways. If on occasions that one go in a consolidation (hybernation), retire it, pick another out of your old mover candidates and complete your 5 players. 5 is more than I can trade and at least 3 of those are always going gangbusters up or down. With 500 shares apiece that's 1500 shares going in all directions... anymore and I'll be in a fetal position trembling. <g> SF PS: Those 5 trading stocks move all the time up or down so you won't be left wanting for anymore plays. Why do we have to always find an unknown stock to play? Are we nuts?

To: John NY who wrote (114772)	10/6/2000 5:30:01 AM
From: lee kramer	Read Replies (1) \| Respond to of 120523

JohnNY: You've got a list longer than Dortrmunder's shopping list. As OJ often says, "keep it simple." I cannot follow a multitude of stocks as some can. Three is about my limit. When I see a "trigger" I pull up the chart (Qchart). I check to see if the price is fairly close to the trigger price... if it's up 3/4 or more, I forget it. If it's not, I click to the 15, 10 and 5 minute charts. This takes only a few seconds. If I like what I see, and this is purely subjective, I may enter a LIMIT order or if the spread is narrow, a market order. With Qcharts you can garner the current spread. I don't look at TRIN, the averages, the futures or anything else. I take it on faith that a trigger by Jenna or OJ has taken all these into account. Then, if I take a position I IMMEDIATELY enter a stop order, limiting my loss if the trade goes wrong. This is a tough market John...and what you feel is felt by many I suspect. My biggest problem seems always to be "so many charts, so many triggers and possible trades...which one or two shall I choose." I'd suggest you follow one or two watch list stocks or E/P's. And trade just that these until you begin to feel more comfortable and confident. Then you might want to go with a trigger or two. (Lee)