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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 (3135)	9/17/1998 7:03:00 PM
From: Dan Lisman	Read Replies (1) \| Respond to of 59879

Rashid, Due to dumb luck (erh, ah, I mean, Excellent Instinct) I got out of TAM with a nice profit. I wish E-Trade (or probably all brokers) would let me set BOTH a "stop" sell price AND a "target" sell price at the same time. On TAM, I dropped my "stop" sell (6 15/16) so that I could set a "target" sell (8.00) before leaving for work this morning. At noon, I saw where the low for the day had been 6 5/8 (which would have stopped me out, if I had still had 6 15/16 sell), but, instead, price had recovered to 7 3/16. Since volume did not look like it would hit my 1/2 million projection, I dumped at market for 7 1/8. Not a big profit, but then, Like Mark says: "There is no such thing as a BAD profit." Does anybody have any "rules" as to when to set a "stop" sell price, and when to set a "target" sell price? Mark usually suggests inching up on "stop", but I was looking for a "spike" to sell. Guess I could set half with a "stop" sell, and half with a "target" sell, but that is not really what I wanted. Dan