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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (8608)	3/20/2008 10:21:26 AM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 50685

re: [">>>>>>>Ruthlessly enforce your stops<<<<<<<<"] One final-final thought there: Most traders spend 10 x more time on thinking about where to buy...where to enter - than where to sell and take profits. Atop any significant run - you must always be constantly asking yourself - - who am I going to sell to? -- and what will be the catalyst to create that desire to buy? If the story starts to wane... if key fundamental, and technical price points begin to be hit.. you have to be in the anticipation mode and not the reaction mode, because the corrections here - are, and will continue to be - brutal. Focus as much, if not more on anticipating profit taking events - versus having to react and getting forced/stopped out. Nothing epitomizes following the puck vs. skating to where it's going to be - than that. SOTB Okay TA'ers get out your magic bullets: ... where's she (the HUI) stop? 1. A turn here with a close over the 434 money line today/tommorrow? 2. Old high of HUI 400 becomes new support? 3. Back to the battle-tested support/resistance line of 370-380? 4. The August 2007 Yen-carry shakeout lows of the HUI 280's?

To: sixty2nds who wrote (8608)	3/20/2008 10:56:19 AM
From: sixty2nds	Respond to of 50685

Understood. There is No Magic. There is a Trade Journal. Trading without one is Gambling. Trading without Hard Stops? The meters running. You will run out of quarters. Period. The study of the crowd continues. I will keep pounding on the ceiling. Thank you & Happy Easter.