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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (14777)	12/20/2001 7:51:01 AM
From: Mathemagician	Read Replies (1) \| Respond to of 99280

btw i am not being critical, just thinking like a trader...you frown on stops..but those STOP GAINS would have made you a lot more money than waiting for the sell signal... Yes, but how many times would you have been stopped out on the way up to here, cutting your gains well short? Any system of swing trading does not attempt to catch the exact top or bottom of every move. Rather, a swing trader hopes to capture a good portion of an intermediate-term gain while minimizing entries and exits (i.e. minimizing frictional costs). I'd say we should acknowledge that Larry's system has done quite well over the past couple of months at achieving these goals. For my part, I bought SEBL on 9/27 at 13 and got stopped out at 19 on the 30th for a respectable 45% in 3 days. However, I would have been much better off holding on as SEBL closed yesterday slightly under 30. Currently, I'm short QCOM from just over 60 and I've been quite content to watch it roll down from there amid a relatively sideways NAZ (though NAZ looks to be turning downward). M