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: AllansAlias who wrote (17519)	10/22/2001 4:28:09 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 209892

Nope never got in long, I would have got stopped out on quick down trend around 1pm somewhere for about 5-6 pts. Then I started trying to chase it after the short attempt from about 2:20 on and gave up at 3pm. Tomorrows another day. ES would have to fall about 13pts by 10am for me to think was the top, I'll have a better idea around that time frame tomorrow.

To: AllansAlias who wrote (17519)	10/22/2001 9:49:53 PM
From: Perspective	Read Replies (1) \| Respond to of 209892

This should be highlighted as the "AA Lesson of the Day": <Yeah, I don't use market orders to enter the market. Have never done that to the best of my recollection. I always get in with limit orders and always exit either by getting stopped out or with a market order.> Funny you should say that. In all of the so-called trading tutorials I've read, nobody ever expressed the importance of this simple notion. I had to figure it out on my own. You should always demand the perfect entry, because they come along all the time. With the right entry, the exit becomes much easier. And when you need out, it's critical to get the hell out without being too picky. BC