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Strategies & Market Trends : 123 Trends and Reversals -- Ignore unavailable to you. Want to Upgrade?

To: Ally who wrote (86)	2/7/2001 5:22:59 PM
From: Michael Watkins	Respond to of 147

AGU is doing nicely, I'm trailing stops fairly loosely on that one. Re RIM - well don't second guess too much. It was a hit and run trade and you did catch a nice chunk of it; perhaps with intraday charting set at 65 minutes and using swings you could manage the trade better. I think if you get a very good entry (and yours was right up there), its worth while holding the stops a little looser (but never let it go against you once the trade is well underway and profitable). intelligentspeculator.com When testing a swing low set in a larger timeframe (like 65 min), frequently a market will bounce a bit, consolidate, and then make its mind up as to where it wants to go. With a good entry well about that, I guess your choices are to hold for a big clunk or take profits on the test of the swing low and then stand aside and perhaps get in later.