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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: David Russell Coburn II who wrote (7117)11/28/1997 11:56:00 AM
From: gonzongo  Read Replies (1) | Respond to of 12039
 
Mr DRC: Any thoughts on WMT - I think he's from your part of the country. Price Pattern that is.

thanks

andy



To: David Russell Coburn II who wrote (7117)11/28/1997 12:08:00 PM
From: Robert Graham  Respond to of 12039
 
I do not have any hard data to substantiate this but I think there is often a correlation between strong stocks being sold off and the release of news. You occasionally see a big gap with good earnings, etc. but alot maybe most of the time you see selling into strength. IMO

Yes. This did cross my mind when I was writing my post. A trader certainly has to take into account the timing of entry with respect to published news. So for instance I do not think it would be generally advisable to jump into a stock the first three days after a split announcement, unless that is what you are attempting to do, trade off of the split announcement itself.

If you are successful at it and making money then you are correct. Again protecting your capital, however you do it, is critical.

I agree that money management is definitely a very important factor of risk management in the trading of stock. Money management keeps the trader alive to trade again.

Thanks for your feedback.

Bob Graham