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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (35871)	11/18/2000 11:39:47 AM
From: eichler	Read Replies (1) \| Respond to of 42787

Dennis, Hey, it's cool! No apology necessary. I don't mean to come across as a know-it-all. I'm just a regular guy trying to learn how to win at this game. I am quite appreciative of the interaction available on these threads as a powerful learning tool. Comments, feed-back, criticism are all great input for developing the library of knowledge we all keep in our heads. I try to keep my ego out of the way as it only hinders progress anyway. All opinions whether I agree or not are valuable to me. Yes, the election saga is quite a wild card none of us could have imagined beforehand. Very strange! Definitely, the implications are not fully known. Uncertainty is prevalent. So you are right to be cautious. I admit that I have become more aggressive lately, and I don't recommend it for everybody. Unfortunately, my aggressive play at the moment requires that I constantly monitor my stock charts; 5,15,60 minute charts. The market seems able to turn on a dime, so I must be willing to do the same. Sometimes, I simply do not have the time to watch and then I feel best just sitting on the sideline. This market has turned me into a short-term trader. I no longer let profits sit on the table. I snatch them away when they appear, before the MMs snatch them from me! Now when I make a play, I am more likely to enter at key resistance or support, and I already have a bail-out point in mind and profit targets using Fib retrace #'s. I've been quite lucky lately placing orders at 62% retrace levels and having orders filled by having them placed in advance, as opposed to watching your target hit, then placing the order and not getting filled due to quick bounces. I imagine if and when the bull comes back, I should have to adjust my strategy accordingly. I'm sure next week promises to be as interesting as it has been lately...never a dull moment it seems! Good luck to you and all else trading this week! Regards, Eichler