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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?


To: Threei who wrote (124)10/28/2000 4:05:46 PM
From: Apakhabar  Read Replies (1) | Respond to of 867
 
Another point of activity is the previous day's high and low when the stock is in a trend.

The main problem to be overcome with these trades IMO is when the trade sets up for a short sale it sometimes can be difficult to get the uptick you want. The problem works in both directions and falls under the category of "don't chase the price" but I find it's easier to get a good execution going long on these trades; I'd like to hear how others enter their short position when the stock is moving down.



To: Threei who wrote (124)10/29/2000 4:02:16 PM
From: irlon  Read Replies (1) | Respond to of 867
 
Hi Vadym,

It's nice to read in black in white something that you kinda figured out in you head yourself. You do this explaining very well and to the point.

I know with little experience points like that are pretty evident. But I still have this problem of hesitating. By definition, being pivotal it's not unusual for a stock even after dropping below defined support level to reverse with a potential to take out your stop loss.

Being aware of that I hesitate and wait for a 'safer' place to enter only to witness that's when stock reverses and takes me out.

As they say - something that you perceive as safer entry is usually wrong entry. The whole thing is stacked against you, innit?

A