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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Jhende who wrote (4337)	3/18/1998 4:19:00 PM
From: OldAIMGuy	Respond to of 18928

Hi JH, After you update your Newport file to reflect your first trade for the week, it will give you your new Buy and Sell prices. If you happen to call your broker right away and enter gtc orders at those new price, and if the price continues to rise, you can have a second order fill in the same week. If my account is really light on cash (like my DIGI account right now) I usually don't mind if it sells twice in the same week. However, if I'm heavy in cash, I usually wait until the following week to place those new gtc orders. The last couple of weeks have given me a mix of buys and sells. All were triggered by gtc orders while I was swilling local rum in St. Lucia. Thank you, Newport! Best regards, Tom

To: Jhende who wrote (4337)	3/19/1998 1:40:00 AM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

That's what I do, John. I enter the trade in Newport, and if I'm inclined to break my rules that week, I go ahead and calculate the next pair of orders and enter them. If you feel at all comfortable about projecting price movement and turning points (I don't, but I sometimes try), you can always factor that into your 'what if' calculation. Neither AIM nor Newport care whether you use the minimum buy/sell price or some other price. They only care that you trade a certain value at whatever that chosen price is. All that said, I generally I try to limit trades to one/week. Bruce