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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: ftth who wrote (670)	11/21/1997 9:08:00 AM
From: Tom Shutters	Respond to of 1589

Dave, as I was trying to explain my psychology in the point at which I would sell this stock. Without news a gap up would normally be followed by a retracement in price. If I see a gap up then I would sell asap. My passion is trading and I have found candlesticks to be very useful in decision making. It doesn't take a rocket scientist to identify and anticipate the patterns. When I first started trading, I made money on every trade. Basically I bought low and sold when I had a good profit. Then I bought a computer and learned that I could invest hours and hours researching individual companies and make better investment decisions. And, you guessed it - my profit margin started falling. But I was determined to use the computer and the internet to invest. Eventually I found a system that helps me identify buy and sell points. Candlesticks happens to be my favorite system and it works as long as I don't force the patters (find or define a pattern to suit my needs). Tom