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

To: Char who wrote (3616)	10/6/1998 4:51:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

The reason you lost on ASL is that you didn't follow all the rules... 1)Never hold a stock overnight that doesn't close strongly... You should not have been in ASL, as I should not have been in at the close yesterday....You should have sold at the end of day since the close was weak... Once again the rules of a gizzard trader(thanks Jeff Cooper) 1)Never, never, never hold a losing position overnight 2)If a stock is closing poorly, take your profits no matter how small they are... 3)Hold strong closes overnight.... 4)Put in a protective stop 3 to 5% below entry immediately after entry.. 5)Move up your protective stop as the stock moves up, trail it with a trailing stop.... ASL did a Reversal New High today, a very powerful technical pattern.. 1)It must trade under yesterday's low 2)It must then trade above yesterday's high, this is known as an outside day... 3)Today's range must be the highest in the past 5 trading days, and the stock must make a new 60 day high.... Did a 180 today as well.....