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

To: Rashid Garuba who wrote (2179)	8/6/1998 6:52:00 AM
From: TATRADER	Respond to of 59879

Jeff Cooper speaking in classroom setting to Mark... "Mark, it was your own stupity that your stop got taken out on HEB.. First, when the stock zoomed to 9.43, you should have moved your trailing stop up to 9.00... Second, when the news release came out, you should have sold into it...Traders sell into news releases, they don't hold... Third, you should only buy a slingshot,or extended level boomer when it takes out its high by 1/32...The high was 9.43...Why did you buy at a much lower level... Fourth, you never hold a losing position overnight.... Fifth, you only hold a position overnight if it closes strongly... Thanks Jeff, you are a great teacher, next time I will listen to you....Mark