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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (17273)11/10/2001 8:50:51 AM
From: Steve Grabczyk  Read Replies (1) | Respond to of 18928
 
You're welcome Tom! (and Jonathan)

Wow! I summarized the last 4 years of posts? I'm usually not that lucid or focused. Must be those new vitamins. :-D

Regards, Steve



To: OldAIMGuy who wrote (17273)11/10/2001 11:36:31 AM
From: Nimbus  Read Replies (2) | Respond to of 18928
 
Good advice

I too get greedy as a stock crosses over the AIM sell point thinking "why sell if it has upwards momentum ?" More than half of the time it retreats to below the sell point and I did not sell as "instructed."

It is also hard to believe a stock will ever get low enough to buy more at the AIM buy point, and I'm tempted to buy more at current prices, putting the cash to work. Again ... it usually does keep dropping and it is smart to hold the cash as "instructed" until it get's there.

Sometimes trying to time the market works out and feels good, but most will agree, odds are less than 50/50.

I've now begun using GTC orders that I update each week, adjusting to match the 5% criteria for a trade.

One question I have for the group:

5% trades means odd lots. Is the increased accounting worth it ? Increasing to round lots (100) may hurt performance. Opinions ?