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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (497)	5/22/1998 12:53:00 AM
From: TATRADER	Read Replies (4) \| Respond to of 59879

Myron, I have this stock IFCI presently in my own IRA, not my wife's...My wife's IRA as of tonight is 80% in cash...And I plan to have most of my IRA in cash soon...I am changing philosophies again.. I just listened to a Jeff Cooper Tape and he only stays in a position overnight if it closes strongly...The maximum that Cooper usually remains in a position is 3 days...I do a lot better when I take time to time my entries and then exit the same day or on day 2... If i follow the advice I have given SKANE on protective stops, I will join the 5% top traders....Otherwise, occasional big losses will destroy me......Time to get smart and practice what I preach... Remember on Expansion Breakouts On Day 2 60% have pullbacks On Day 3 90% have pullbacks.. That leaves only 10% that are starting a firm new leg up...... Regards, Mark