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

To: Jack Landis who wrote (7407)	1/1/1998 2:12:00 PM
From: David R. Evans	Respond to of 12039

Hello Jack, Yes, that's the truth. I do not know how many times I've turned a good trade into a bad trade by holding too long. Then I would say oh no and sell too soon. The bottom line is you need to develop a system that fits YOU and then stick to it... Dave Evans

To: Jack Landis who wrote (7407)	1/2/1998 4:33:00 AM
From: Michael Quarne	Respond to of 12039

Jack, I really like your Weighted Stoch. They are a part of my system which helps to determine the trend. Here's my thoughts and anyone please respond as you see fit. WD Gann and Jessie Livermore both stated that you go with the trend! I understand you desire this to be a profit stop to be in concrete. I set my buy as $##.## and stop loss 6-10% below that level. If I set a profit stop, then I'm going against What WD and JL had to say on the matter. The sell stop I set is mental, and located at what I expect the move to go to, (so I have a profit stop.) The trend then tells me what to do next. If it is still strong I move my stop loss to that point less the appropiate percent. If weak, I move to that point less a smaller percentage. If you desire a profit stop to be posted it must not be concidered in concrete but the first point at which the re-evaluation takes place. Then the repost of that position. My two cents worth. Arctic Mike