Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Hank who wrote (10872)	1/19/1998 3:14:00 PM
From: Doug R	Respond to of 79260

Hank, Sorry for mentioning it so much. Maybe it's getting old for this one coming up...Anyway, I offer several systems and each has its own merits and risks. As with any system, it depends on the individual's proper understanding and employment of them. Rather than tell you how well previous attendees are doing with them, hold on a couple hrs. and I'm sure you'll find out from them on the thread here. As for myself, I do pretty well with them. Last week was above avg. with a 15% 2 day gain using the PGDCEB system on PLXS followed by an additional 20% 3 day gain using the IL/ACT system on RADAF. The 56 point TA system can be tracked on the stocks from post# 1 on this thread. As always, selling is 1/2 of trading any system and I believe that losses should be taken early and upside targets should be made reasonable. On the way to a target price, the stock's trendlines should be monitered. Often there are multiple uptrending lines of support for a stock and I like to pick one that I am comfortable with as a trigger for exitting any stock that has not yet reached my target and instead has started to fall back. No system works the same for anybody because everybody has individual risk tolerance. I have found that most people on SI have a higher tolerance than I do. Doug R

To: Hank who wrote (10872)	1/19/1998 3:38:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79260

Hank: You asked, so I'll post. If it sounds hypish, nothing I can do about it: Went to Doug's seminar in Wilmington in Dec. Since then, have made three straight winning trades and one timely exit using the knowledge accrued there, all documented at one time or another on the thread: ROMT, good for 8 percent in less than a week; an exit from RECY, a long-term position I was wedded to (a former POW I made 125% with in three months), thus saving myself a subsequent drop of as much as 25%; a five-day trade in SGI (small % gain, but still successful); then a 21% five-day gain from shorting OXHP. Don't have time to add the moneys made and profits retained (with the timely RECY exit), but I'm sure it's close to 50% in less than two months. Ivan PS: I'm a blabbermouth who tends to pout and post relentlessly when in a trade. Go to my profile, track my posts, and you'll easily verify the veracity of the above.