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.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (33121)	5/10/1998 10:58:00 AM
From: TREND1	Read Replies (1) \| Respond to of 53903

Here is a little story. The title is "Trading The Line" ...this is for traders only...long term investors need not read this story. Also, this is not my idea, but read about it before trying it. ................................................. (1) Assume stock is going down in some trend, could be 5 minute, 15 minute, day or even monthly. (2) Determine a support line. This becomes "The Trading Line" (3) Determine a bounce off this support line has taken place. (4) Buy long. (5) Most important place "sell stop" just below the support line, no one is right all the time. Watch that "ego thing" (6) Try this out on paper first. Comments ? Larry Dudash