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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: freeus who wrote (34794)3/27/2001 5:58:02 PM
From: marginmike  Read Replies (2) | Respond to of 65232
 
I was always a B&H guy it took a lot of time and discipline to change my mentality. Dont chase stuff, be patient, pick your spots etc. Despite my farley good market insight my trading has been spoty at best, though I am getting better. The bigest leap I made was once I had a profit of at least 2-3pts I rolled up stop and sold after first MOMO waivered. I bought and sold Q at 86 3X after buying at 60-70. All three times the stock continued higher. I didnt chase it, and I always got a new opportunity. Now I can buy it again in the 50's. I watched it run to 107 and almost puked, but refused to buy it. Today as well I wanted to chase but I will buy on the retest of high 40's or I will wait till a solid suport level is built to protect my trade. The discipline is what is tough, because I know so much of the STORY in some of these stocks that I have to controll my desire. Its like being Married and being tempted on a dailey basis-g-