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To: TechTrader42 who wrote (6141)3/17/2001 8:04:53 AM
From: Teresa Lo  Respond to of 8925
 
"...The basic lesson, of course, is trading truly directional movements, and trading with the direction, not against it..."

Yes, that would be good. In fact, I think traders should spend their time looking for situations where a new directional move is underway, and then position a stop limit order along the trajectory (on the first presumed retracement) where it will be triggered upon price resuming the direction of the trend.

T.


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