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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: jawd who wrote (687)	7/5/1998 2:44:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 1729

I think that's an important point: quit while you're ahead. A win inspires confidence, but several wins can inspire over confidence. And over confidence leads to higher risks and carelessness and the inevitable losses. On the other hand, this does not mean that you should not take advantage of a great opportunity should it present itself. ...tai

To: jawd who wrote (687)	7/5/1998 7:42:00 PM
From: CatLady	Read Replies (1) \| Respond to of 1729

jawd - Two questions, are you strictly daytrading, and how long have you been trading? CL

To: jawd who wrote (687)	7/6/1998 10:28:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 1729

Good of you to share this with us: that you went through significant losses before you encountered success that and a way of trading that is comfortable for you. You have a very interesting risk management approach. This is what I find lacking allot with the crowd who trades: an understanding of the risk behind their approach to making money. Matter of fact, it this may seem odd, but I find that the fundamentalists who use financial data on companies and industries are showing more of an awareness of risk in their own way and spend much time researching this risk related to a company. But of course we all know of the risk related to the timing of their entry and exit that this group takes on. Perhaps there is still something to be learned from them? Bob Graham

To: jawd who wrote (687)	7/6/1998 1:45:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 1729

Great Strategy. I have been using this for over a year and works great. And everytime I violate this strategy, I LOSE. I have modified it somewhat in the last week. Now instead of selling and getting out, I will, on a stock with big daily moves, place a STOP order to profit from any further moves up in the stock. I keep moving the STOP up with the stock and stay 1/4 below the Bid on Sell Stop. It worked today on AOL. Bought at 110 13/16. Placed a sell stop at 111 3/4 then kept moving it up and finally got out at 112 3/4 as aol went to 113 5/8 and quickly moved down before I could place an order at 113 3/8