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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: towerdog who wrote (85957)	4/18/2024 5:52:42 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 97456

You misunderstood what I said. I can't see months ahead either. But I can tell what I will want if the price is right. For example, say there is a biotech that gets a patent or FDA approval. Naturally the stock gaps up. Would you like to have it at the price say midway of that gap? If yes, then put in a GTC buy for it at that price. Put in another GTC buy for the quarterly high price before they got the approval. Then forget it about. It will either fill or not. If it fills, then check to see why you got lucky and maybe your should dump it. If it doesn't fill, a month later check to see what would be the price you are willing to pay now and adjust your GTC order accordingly. It's a cyclical and not a biotech? Fine, look at the multiyear cycle and see how much of a drop it gets from the peak to the bottom. Place a GTC buy for where that bottom will be if today was the top of the cycle and adjust it as time goes on. Eventually it will fill. Then you ride it up for the cycle. You don't have to trade everyday.