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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Berney who wrote (7949)5/24/2001 2:28:50 AM
From: Chris  Read Replies (1) | Respond to of 52237
 
speaking of breakouts,

here is a PM i did to someone

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in the books, they emphasize breakouts.. i rarely make money on them b/c many are fake breakouts (failures)
learning from experience and frustration, im beginning to buy before b/o. but sometimes, that means capital tied up a little bit in anticipation of the breakout. for me, no big deal because i have capital. other people cannot.

danger of playing b/o is if failure, your stop is pretty high.

that's why i dont do that, or i try not to.

sebl breakout worked well for me.

im enjoying sharing ideas from you.

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To: Berney who wrote (7949)5/24/2001 2:54:37 AM
From: Chris  Respond to of 52237
 
** CHART OF SEBL TRADE **

got time on my hands, so i decided to do a chart on a sebl trade i did couple days ago. i always look for a good risk/reward ratio setup and noticed the unfilled gap and 50% retrace as my targets (along with the nasdaq trending higher couple days ago to help me)

geocities.com

click on the SEBL link.

The chart does not represent all the indicators or analysis that I do for each trade, however the type of trading setup and outlook is typical for my *short term* trades.

enjoy!