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


To: bernard rogers who wrote (451)3/6/2002 3:47:30 PM
From: hypostomus  Read Replies (1) | Respond to of 714
 
Bud - I'm having trouble squaring the exit on trade 2's time of 1:56 with a price of 37.39. I'd like to make sure I'm looking at the right part of the chart.

Re trades 1 and 3, the big bad bear inside you made you short in an uptrend. Look at a one minute chart with a 15sma and a 75sma. You'll see the trend was up in both timeframes.

Totally by accident, I am sure, I netted 20 cents per share in four long trades. - Mike



To: bernard rogers who wrote (451)3/6/2002 5:31:07 PM
From: bernard rogers  Read Replies (2) | Respond to of 714
 
Gross profit $160 - commissions $95
net profit $65
Without doubt i am trading too often
i am afraid that i will miss a move
and this is killing me.
i have to start putting my entries
at least 7-10 cents away from the market
This was a day of geting out too soon FEAR
and letting my losses run at least once

March 6 2002

400L 36.695 10:12 c 36.82 10:20 +$50
went 5cents below me and almost stopped out
why can you not put a limit order below
the market?
Follow the exit rules, stop using FEAR
and getting out much too soon.
Follow the plan, keep the stops close
and do not tamper with them, let the profits
run

500S 36.21 11:06 c 36.08 11:09 +$65

500S 36.15 11:33 c 36.23 11:36 -$40
a terrible trade. the 1ma line look strong
why do you always fall into shorting strength

500s 36.48 1:18 c 36.35 1:27 +$85
Once more i leave most of the profit
on the table. i must have a good exit
program and follow it

500S 37.48 2:55 c 37.60 3:01 -$60

700s 37.57 3:11 c 37.69 3:14 -$84
When will i learn to not sell into
strength?

600S 37.87 3:29 c 37.63 3:53 +144