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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Dale Wingo who wrote (5935)	8/10/1998 5:15:00 PM
From: Jurgen	Respond to of 11149

Dale, i have been trading the "GBS" way. It's not very different from Richard's/gonzongo's et.al. breakout strategies. What i really like about the guy is his KISS approach and his entertaining explanations. I think breakouts are great when the overall market is trending up strongly. But the lists of possible candidates have become slim lately. I had only one hit for today (friday close, COKE), but liquidity is way too low. There is one very important part of the "GBS" way: exit and stop loss. He goes for 2 or 3 points, and he exits quickly it the trade turns against him. Reviewing my trades i'd say: better get out too early than too late ;o) Jurgen