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To: Robert Graham who wrote (4865)1/18/1998 3:37:00 AM
From: Chris  Respond to of 42787
 
[rules of trading]

here are some of my personal experiences... and my critique on my past performance.

1) always have a plan.. enter/exit/emergency exit/method buying/method of exiting/time frame/how much % of capital allocated/tgt price,

2) my TA -system works better for larger cap stocks (>$15)

3) have either mental/hard sell stop and carry it through

4) always check the mkt direction. trading against the trend is VERY tough unless your sector is a defensive sector

5) always check to see if earnings is coming up

6) i tend to avoid holding during earnings.. would rather sell out and buy back again to confirm good news.. if bad earnings come out and you're still in, stock might OPEN 30% lower (ORCL) and you have no way of getting out w/o big loss

7) History DOES repeat itself

8) trade STRONG stocks. SHORT weak stocks.

9) Keep it simple.. View things objectively.

10) Turn off CNBC for advice <g>

11) Stay off the individual stock threads

12) Keep reading

13) Always look longer-term... i dont think daytrading will work for me.

14) Cut your losses.. A MUST

15) When unsure, dont trade

16) Keep asking questions.. only way to learn

==============

hope it helps.... something to ponder..



To: Robert Graham who wrote (4865)1/18/1998 10:15:00 AM
From: current trend  Respond to of 42787
 
Bob---

Excellent post!

CT