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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: hotlinktuna who wrote (56718)	11/14/2006 6:36:00 PM
From: MJ	Read Replies (1) \| Respond to of 59879

hottuna and others This is a tough trading market. I don't trade like you guys do. Agree it only takes one or two losers to take the profits I make. I am taking smaller percentage gains and attempting to limit the losses quickly. Also, trying not to get into the story------as I love stories--------when I stay with the charts, technical do much better---------and not think about the gains I could of had if I had held. Several things that help -------- On my watch board I set up columns for % gain and loss and a column for actual $ gain and loss. I also have set a goal for what I would like to obtain in a week on a yearly basis. This helps me to stay focused on % and actual dollars amount the stock is up or down. This helps me to not get tunnel vision with focusing on whether a stock is up or down a penny or two. Having a goal in mind, I then work toward that goal. So assume that on Monday I am 1/3 of way to the average weekly goal-------I sell the stock and take the profit and put the profit in my own pocket, a non stock account, or use for other purposes. That keeps the principle in the account fairly steady within about 2% non stock account or other purposes. Incidentally, I have learned a lot by following the actions of others on this board. Thanks. mj