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Technology Stocks : DELL- DAYTRADERS ONLY -- Ignore unavailable to you. Want to Upgrade?

To: Princess who wrote (11)	6/1/1998 11:16:00 PM
From: Bilow	Respond to of 36

Thanks for the advice, Princess; I did a little better today, DELL usually kills me, today it only gave me a flesh wound. :) I had a near perfect short entry, but covered a little too quick. When I saw how minuscule the jig that got me was compared to the day's later move I cursed me: Short at 81 9/16 at 10:09, covered at 81 3/8 at 10:15; I have a problem. When I get out too early, I start looking for a reversal. And DELL has just enough of those small moves to tempt me: Long at 79 63/64 at 11:31, sold at 79 1/2 at 11:38 (ouch!) Long at 80 at 12:10, (rising triangle), sold at 79 3/4 at 12:33. Finally I sort of got the trading range. Told the guy sitting next to me where I was going to cover, but got out with an extraordinarily stupid gain of only 1/8th: Short at 78 1/16 at 15:20, covered at 78 5/8 at 15:22. A trending trading range being established, I failed to notice the break out to the upside, and she ran against me: Short at 78 at 15:33, covered at 78 5/8 at 15:34. Realized I was on the wrong side of a trend, got mad, and luckily picked up a 1/2. (I really got in too late:) Long at 78 9/16 at 15:35, sold at 79 1/64 at 15:42. But I am getting more comfortable trading this thing, despite how bad the above record is, this is actually an improvement. I've noticed that when I don't worry too much about why I'm getting into a trade, and whether I am sure it is the right thing to do, I do much better. And I am getting calmer trading DELL, so I suppose I will eventually adapt to it. I am also happy about limiting the number of trades I get into until I am better. ICOS was more profitable for me today, but mostly I watched DELL. -- Carl