Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (10795)	8/23/2001 10:02:51 AM
From: JRI	Respond to of 209892

Yeah, this thing gets exhausted at higher levels....this morning, I think it wasn't a bad trade, if someone had tight stops...the r/r was there IMO...so don't worry about that one, IMO 2 rules saved me this morn (and I almost didn't pay attention to #1): 1- Always, always (for me, at least) cover your first trade if/when you can make your "daily" amount off first trade...then, after having made your daily "wage" (as I call it), you are trading rest of day for "profit", and you've earned your keep (off that 1st trade) Obviously, we all have different "daily wage" amounts. 2- If the trade is not going as you expected, and you feel funny about it (e.g. it should have caved pretty quick this morn after that blip to 1870 IF it were heading down)...get out, take your profit.. Luckily, I headed #1 and #2 this morn...and got a fortunate, late fill on my short...hitting top of that blip (for most part)...