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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: Rashid Garuba who wrote (20204)1/19/2001 12:26:03 PM
From: NW_Trader  Respond to of 59879
 
Hi Rashid,

Hope you have a great w/e. In my post on stops, I forgot to mention discretionary stops include those prompted by personal/psychological conditions; e.g. going on vacation, death in the family, series of losing trades, or a foolish trade (I should be stopped out of market more often with my FFTs <VBG>). Sorry bout that DIGL, but smart to stand aside and regroup.

I'm a bit quiet in trade today as well as I had a late night with family issue (Mom's health) and didn't get much prep done. Still have trades on in RDRT, SBUX and BMCS.

As I contemplated yesterday, I sold 1/2 original position of BMCS for > double, so remaining shares are "free" (a great mental edge in that trade), and sold position bought day before as well for 4 pt. Then rebought new position @ 29 1/8 during that short downdraft. Tried to sell in after hours @ 32, no takers, but we're there today, so all's well. Heading into that gap with authority, so may see 35 soon.

Not looking to take new positions ahead of w/e; sold TALK this AM for 3/8 using combo resistance and time stop - it hadn't moved above expected resistance within time I expected. If a stock won't work for you, fire it and find one that will.

Peace and Justice --- Patrick