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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (1360)	12/23/2004 6:12:06 PM
From: chowder	Respond to of 13449

Ahhhhh, Your Dogginess, my Navy son has been home for the past week and doesn't have to report back to Norfolk until January 2nd. He will be going to Japan in March where he will be stationed on the USS Gary. With regard to your short term strategies; when one sets a goal via a price target, it's not written in stone. It's where the price should go based on the information or knowledge at the time of the trade. As we all know, things change! Most successful traders use what is known as "protective stops" once they have a profit. The protective stop is designed to protect profits. We should avoid the maximum loss as much as possible, even though it is set up to be minimal. Use very little wiggle room in the early stages of the game. Once you have a profit, don't let it turn into a loss. If the profit is small, so be it. As long as the accuracy is there, in time you will have the experience and confidence to pick up the size of the trade. Anchors aweigh! From an old Marine, dabum