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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (11666)	3/10/2001 5:21:36 AM
From: Ronald P. Margraf Sr.	Read Replies (3) \| Respond to of 12039

Morning Mike, I'm not disagreeing with Dick. I am also trying to point out, that not everyone puts on stops for whatever reasons. I am also trying to point out that sometimes stocks do go down only to move back up in a few days or so. The program affords you that opportunity to see what is going on an make choices. I have been in positions that have moved 20-30% to the downside shortly after I have taken them only to have them move 50% to the upside in a few days. If I was to sell every time a stock moved to the downside, I would eventually stop myself out of money where I couldn't buy anything without putting in new money. Fortunately, I haven't had to put any new monies into the market for the last 3 years. I contribute that to having a program that is fairly accurate an the increasing ability to read that program correctly. Granted sometimes one make wrong choices but those choices become fewer an fewer as one becomes more proficient. I have 2 sons that traded by the percentages, both to the upside an the downside, only to stop themselves out of money. All I'm saying is that the T/As afford you the opportunity to make choices. See what is going on internally with a stock. Now granted, fundamentals play an important part but if they are in tact, then the T/As rule. As far as not playing a market because one can't put on stops, well that is ones choice an once again, that is where the T/As come in. If you have a good data provider an you do your DD, then you can pretty much fare the game an make a pretty good profit.;-)))))))))) I agree with you an Dick about MM but so is IM. If your IM is good then your MM will follow.;-)))))))) One is dependent on the other. The program reduces those risks an makes everything else more manageable. The indicators aren't magical but they sure can seem that way when everyone is saying get in or out an the program is telling you otherwise. Ron