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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (15919)	9/26/1998 12:25:00 PM
From: Chris	Respond to of 42787

tips and tricks: here are some little tidbits on what neccesary steps i take when trading: 1) Always look at the mkt. From my trade analysis, I usually do well when the mkt moves along with me. This includes: looking at the DOW transports for a "hint" in mkt direction and industry charts 2) Follow the sentiment and news of the mkt/stock. There are still many investors that trade on sentiment. By knowing what "they" are thinking, it can help you paint a picture on reasons for the current rally/moves. E.g. Mkt is currently pricing in an interest rate cut. 3) Once you've decided that mkt conditions is in your favor, then go through your list of stocks. For going long, I figure out the MAX upside potential. This way, I want the maximum results for my money. E.g. You dont want to buy Stock "A" with maxx upside potential of $2, when you have Stock "B" that has room to move $8. Common sense imo. 4) Once you have picked your stock, set up the trade. Determine risks, exits, and types of entries. I usually look at intraday charts to determine exits/entries as well. Look at how effective your system is. Is it accurate? 5) Check for news/earnings to watch out for. They will Override technicals at times. 6) Have confidence in your system. For example, the recent hedge fund bailout caused a mkt downturn that went "against" my system. But I decided that it was "news" overriding my technical and to remain LONG because my system said so. Friday's gains proved my system worked. ========== Patience, Planning, Execution.