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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (33128)	3/26/2002 10:12:58 AM
From: HairBall	Read Replies (1) \| Respond to of 52237

OJ: TA is not the bible, but a pretty handy tool when you get the knack of it...<g> For those so inclined to gamble this AM by being nimble and buying the QQQ at or near the open, it is time to move those stops up to more than break even. Now the strategy thickens...how far to move the stop up, that’s an individual call. If you move it up to far, you risk getting stopped out early during the oscillations in a larger move up. If the QQQ reverses to test today’s lows are more, you risk leaving much of the profits on the table if you leave your stop to low. This is where each individual has to determine his or her own trading acumen. If you do get stopped out prematurely taking a profit, there is nothing preventing you from getting back on the bucking bull for another ride...<g> Regards, LG PS: Its not nearly so much about how often you are right, but what you do with the winners and losers that determines success. Of course, there has to be a fair portion of winners no matter how good you may be at managing a trade. Out of here...