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

To: majormember who wrote (1761)	7/25/1998 3:01:00 PM
From: TATRADER	Respond to of 59879

Skane, as you know, a rule of a trader is to sell before or into all news releases...Will pass on PLFM since it looks like smart money entered at 40 cents and exited a few days ago at 76 cents...Will see next week if my volume study was right on that one or not...You have a nice flag pattern, but it appears to me to be an ascending flag...Anyway, if it breaks 80 cents let me know.... YOU HAVE HEARD OF THE TURTLES......WE ARE THE GIZZARDS!!! To be a gizzard trader, you have to follow rules, or the market will eat you up....Here are a few trading rules... 1. Never, never, never hold a losing position overnight 2. If a stock is closing poorly, take your profits no matter how small they are.. 3. The most important rule to maximize profits: Hold strong closes overnight.. 4. Set a protective stop on all stocks you enter.... A. Once you enter a stock, put a sell stop in 3% below entry B. Once the stock moves up 5%, move your sell stop up to your entry price C. Once the stock moves up another 5% move your sell stop up 5%, and continue to do so until you are taken out of a position..... NEVER ALLOW A PROFIT of at least 3/4 point to turn into a loss........ Remember, we only need to win 60% of the time....Even our mentor, Jeff Cooper is wrong 40% of the time.... Mark