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Strategies & Market Trends : trading the QQQ -- Ignore unavailable to you. Want to Upgrade?

To: bernard rogers who wrote (348)	2/13/2002 7:41:19 PM
From: hypostomus	Read Replies (2) \| Respond to of 714

10:40 - That was a nice trade! Did you take it because of the preceding double top? Also, you were pretty fast on the trigger. 10:54 - Also an excellent hair triggered trade. Were you using trend line resistance or just the reversal as the trigger? 11:22 - Great recovery. No problem cutting losses there! Was the trigger the trend line break or the reversal? The only comment I can make is relative to my own trading style. In the first trade the longer time frame (I use the 75ma) was agin ya. In the second trade it was neutral. In the third trade it was against you. Now that I understand your style, I think you might do a little better using a longer ma to confirm the direction of the trade. I did not trade at all because the day was less than 60 cents. Whenever price got close to breaking out to where I could trade it, it promptly reversed. Can you share some more of your trading rules? be happy to tell you the rest of mine, FWIW. For example, I have seen that you vary your trade size, but it's not obvious to me why. Thanks for posting. But it makes me feel cowardly. I might have to reassess my desire to make 15 cents, as you seem to be able to make 10 easily enough.

To: bernard rogers who wrote (348)	2/14/2002 2:50:09 PM
From: sherlockgerlach	Read Replies (1) \| Respond to of 714

Who are you using for trading? What is the commission rate?

To: bernard rogers who wrote (348)	2/14/2002 3:40:34 PM
From: bernard rogers	Read Replies (2) \| Respond to of 714

Trading gross profit $135 - commissions $48 net day profit $87 Febuary 14 2002 400 s 36.44 11:04 37.36 11:15 +$32 Too early, let it play for a while 300 S 36.38 11:22 c 36.37 11:28 +$3 work on exit with a limit order 400 S 36.43 11:35 c 36.34 11:44 +36 nice exit on limit order, way to go notice it dropped one level lower as usual 400 s 36.43 12:22 c 36.39 12:37 +$16 300 s 36.44 12:43 c 36.37 1:02 +$18 I keep selling into too much strength be patient 600 s 36.41 1:37 c 36.36 1:48 +$30 drops another level below me,as usual fiqure out what is wrong. I really should have known, that a break was coming, it was time, could have should have given it more rope