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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Steve Smith who wrote (4219)12/18/1997 11:34:00 AM
From: Chris  Respond to of 42787
 
radaf = channel .. the channel.. more charts later.



To: Steve Smith who wrote (4219)12/18/1997 11:47:00 AM
From: Chris  Read Replies (3) | Respond to of 42787
 
Lessons learned from RADAF trade:

here are some lessons that were learned/applied in the recent RADAF trade.. i think the best way to learn is to follow a trade meticulously and find the mindset and analyze the trade...

1) never fight for the last 1/4.. never shoot for the top.. always easier to take the middle chunk of the rally.

2) Good earnings means diddly. Always Always sell before earnings. Ta does not mean anything when earnings comes around. This also applies to "news driiven" stocks. drives me crazy because TA doesn't work that well.

3) Never Follow a thread too closely- in order to maintain objectivity. However, i must say the RADAF thread is a top-notch group It is also unique because Davic is a rep. of RADAF. Seems like a nice guy.

4) Sell stops (mental/hard) are key.. set your limits and follow them through. price actions lately have been fast and abrupt. hard sell stops would have gotten you out pretty good b/f any big damage

5) Dont get confused. On the RADAF thread, there were pe numbers,earning numbers, price targets. It doesn't matter. You are just concerned with the price action NOW. your TA will get you back in (or out) if those earning numbers/ price targets are valid. A stock will not go from 15 to 25 in a blink. it takes time.. and hopefully, your TA will give you the right signals

6) Always find someone to talk to. Steve Smith was a great example. This idea is used to "make you think differently" and consider other points of view. and then validate them using your own TA.

just some thoughts.. RADAF is now 11% from the peak.. that is 11% from a couple days ago.. this is the same thing in COBR.. great eanings from COBR, but it tanked 15%+. people are scratching their heads... but i dont think anyone knows for sure...

Chris



To: Steve Smith who wrote (4219)12/18/1997 12:05:00 PM
From: Chris  Respond to of 42787
 
actually cobr went down 50% from earnings day to now... 50%... think long and hard and tell me TA is key.. cobr had blowout earnings as well...