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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: MKT_entropy who wrote (14725)	11/18/2001 9:57:24 PM
From: Ta_Bo	Respond to of 18137

>I have only one more question: SAPE long (5.47, stop 4) Is that right? risking almost 30%? Yes :) I think it will test $8. Remember the market moves for a trader in geometric ratios. I could care less about percentages, point values, etc... I'm looking at my risk vs. my expected gain. I also scale my positions for consistent risk. SO, a stop in SAPE would be easily covered by my next 1 to 1 or greater gain. (Even if the 2nd trade is a $2 gain on a $100 stock) After a loooong base like SAPE did on the weekly. A break of the 20ma (weekly) should launch it. It will probably retest $16-20, but I think $8 will be a straight shot. Then it may take a while to see the next resistance level. Good Trading! -Bo