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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (65433)	6/24/2005 12:51:25 PM
From: Slagle	Read Replies (1) \| Respond to of 74559

Shades: Re: "bikini inspector" I manage to get in as much of that as marital harmony will allow. I thought you were going to the Philippines on an inspection tour. General Chen has a housekeeper from over there. I bet she could fix you up with a whole village full of lady friends, and they speak English. Problem is though, that they would want you to marry them. I'm not really a trading machine. The most of these positions I don't even watch but maybe every few days. I keep a list of the ones with fairly secure gains in a Yahoo portfolio so I can keep track of gains individually and totally. I may give this a good looking over every few days. Do you think if you let a planner do this he sits and watches your positions all the time? Hell no, and sometimes those guys will run your positions over a cliff. I know people who have had such an experience. Don't think I could trust a planner. Recent trades, maybe ten or at most twenty I watch more closely. If I get a substantial gain here I may move the position to the watch list. Some of these I set a Level 2 trailing stop. I don't want too much stuff exposed this way though, imagine what would happen if you had a 9-11 event and you had a whole bunch of stuff on sell stop. You would get a big downward spike down, maybe 75% or more and the system would sell you out at the low and then recover. With the Schwab Level 2 you can set two differnt types of sell orders. One is an "ALERT" order and when you use this feature your order is entered at Schwab but the specialist can't see it. It automatically becomes a market order when some pre-selected parameter is met. The other is a standard limit order, but this one can be seen by the market maker and sometimes they will run bid or ask and take you out. I really like the Schwab trading platform. Slagle