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 : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Dale Wingo who wrote (8706)	9/28/1998 2:58:00 PM
From: David R. Evans	Read Replies (1) \| Respond to of 12039

Hello Dale, These are all great questions BUT, no one can answer them but YOU!! How much pressure can you handle???? If every point cost you $1,000 could you live with that??? If so, start out buying 1000 shares each time..... Is that too much, then try 100 shares each time. How you buy depends on how much you can watch the market DURING THE DAY. If you can watch it all day then you can "play" with your entry. If there is a 1/2 point spread, you can try to split it. If you do not have access to the Markets during the day you need to put in your order at night. As far as market or limit, it depends on the type of stocks you are buying AND the length of time you wish to hold... If you are looking for a quick profit you need to get the best price you can and 1/4 of a point could be the difference between a good trade and a bad trade. Stops..... Another area where you could ask 10 people and get 10 different answers.... If you are watching the market during the day you should know where your stocks are so stops should not be as critical. If you can not watch the market during the day stops should be used to protect you while you are away... Now the issue becomes WHERE should I set my stops...... Once again, it depends on the type of trader you are and your comfort level... Dave Evans