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Strategies & Market Trends : Your Worst Trading Enemy.. You -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (19)	1/15/2001 7:23:40 PM
From: shawnwolff	Respond to of 223

Steve Felix: Let me clarify When I said the potential is usually much smaller on small stocks, I actually meant in terms of points. Because they are smaller, a person can naturally afford more shares, and if they are willing to increase the number of shares traded, the monetary gain can be quite high. I am however, not willing to do that. I find that with increased shares, executions become much more difficult, and I just don't feel comfortable with the risk/reward. Stops hurt much more with large shares, and that affects my reactions. I actually trade stocks under 10 dollars not nearly as often for just that reason. It's a personal preference. I tend to gravitate toward mid-priced, high volume, stable leaders, with larger potential and smaller shares. I would also rather make fewer trades, but more carefully chosen. I keep stops perhaps wide to some, but in a good proportion to the potential of the trade. I then trail my stops up as the trade moves, to trap profits in. Consistency I feel is crucial to success. - Shawn