Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (3447)	9/8/1998 2:21:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Out at 1007.00. The reason I wait is that I find I can get a better entry. If you watch my calls, usually there is a strong move prior to my getting a buy or a sell. If I jump right away, which I do do sometimes, I have found that frequently I have purchased the top of the move and have to sit through the pull-back to get the second run and may get a point or so if I am lucky. Waiting for a pull-back does not always give me a better entry, but it does give me less risk and the losses on the false moves are smaller...therefore I wait. The last move, I would have gotten filled between 02 and 02.50 had I jumped right away. I should have been filled at the same level waiting for the pull-back and that gave me some time to watch the move develop, watch the indicators and assure myself that it is/was a valid move. Many signals I will pass on because even though the TICK gave a "look for buy/sell" signal, the TIKI, PREM etc....do not confirm the movement in my opinion. Does that make any sense? -Scott