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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (3611)	10/6/1998 4:23:00 PM
From: shasta23	Respond to of 59879

>> But today, I came to win and follow my rules, and I won, and will win tomorrow...You are in a war with yourself in trading...You can win, but you need to follow the rules of the game..<< AMEN AMEN!!

To: TATRADER who wrote (3611)	10/6/1998 4:37:00 PM
From: dealmakr	Read Replies (1) \| Respond to of 59879

Mark, I do set some stops after purchase, especially on Tech plays and option trades. I will be playing closer attention to setting more protective stops in the sector. My percentage of winning trades is very high, but you are absolutly correct that a few big losses takes a lot of hitting singles and doubles to overcome. GLM to me is very fundamentaly undervalued, but the trend is your freind and don't fight the tape are rules to follow. ESV I will hold the position Bot @ 11 1/8 as that is to me well worth the risk and will trade around it. In daytrading you have to follow these guidelines and rules that you outlines to protect yourself and your bankroll. In the traders war when things go bad you can say, I have met the enemy and it is me. I know that I will lose some battles, but am trying to win the war. The oil services sector to me is my primary battlefield now and I do a lot of research on what goes on in the patch. There are other things that effect the stock prices other than watching the tape. I am hoping to raise my grades and improve my trades with all of the great info that you and everyone on this thread contributes. There are always tomorrows and opportunities if you can play the great game by following some of the great insights that are posted here by yourself and the gang. I don't think that I will take a loss again like the one that I have just taken on GLM if the opportunity comes to get out with more protective stops. Back to the batters cage. Good Trading Dave

To: TATRADER who wrote (3611)	10/6/1998 4:45:00 PM
From: Char	Read Replies (1) \| Respond to of 59879

Mark Tight stops don't always work. I bought some ASL yesterday at 9 3/4 and put a stop in at 9 3/8 shortly after I bought it. I got taken out at the open today at 8 3/4. Fortunately it was only 500 shares and I was also holding 1000 shares in another account without stops so I'm still whole. Amazing what it did at the close. I guess the lesson I learned is take the stops off at the end of the day. This isn't the first time I've been stopped out at the opening which happened to be the low of the day. Dave Actually You were right, we should have closed out the positions at the close yesterday and re-opened them this morning at a better price. It's just some days the best gain is when the stock gaps open in the morning. Hopefully we'll get a good one tomorrow morning.