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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (1066)	10/9/1998 12:12:00 PM
From: CharleyMike	Respond to of 43080

Oooooooops! Now, back to the business of making a living. I thought I was all alone out here in position land. Welcome back. and THANKS.

To: LastShadow who wrote (1066)	10/9/1998 12:17:00 PM
From: Char	Respond to of 43080

Well LS, I played MSPG as a gap play. I had a buy at 28 and a sell at 25 3/8. When it traded at 28, I put an order in on ISLD and got filled at 27 7/8. It traded a few shares at 28 1/8 and then started back down. I'm still in it but am currently under water. Can somebody give it a little push <G>. Dave

To: LastShadow who wrote (1066)	10/9/1998 12:41:00 PM
From: Char	Read Replies (1) \| Respond to of 43080

LS I also played GTW as a gap play this morning. I had a buy price of 44 1/8 and a sell price of 42 3/8. I put stop orders in for both. When the stock started dropping it got to my sell price and then immediately dropped to 42 without me ever getting filled. I didn't want to get filled at 42 so I canceled the order. I was just wondering if this happens very often. MSPG just can't seem to push through the 28 level. Dave

To: LastShadow who wrote (1066)	10/9/1998 1:28:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 43080

>>ASND? Yes, I should set a buy stop at 40.875 and a short stop at 40 and forget about it. Set and alert to tell me if I fill and then go out and set a protective stop alert and forget about it.<< Hmm guess then you are already up a buck, whats the sell point here? I am not sure LU will be buying anyone soon.

To: LastShadow who wrote (1066)	10/10/1998 9:36:00 AM
From: Dave Shares	Read Replies (3) \| Respond to of 43080

Trading Lessons This was not a good week for me. There are many mistakes that one can make. Let me share what I have done. If I do not learn, maybe someone else will. Lack of Focus If I had focused on certain plays, I would have done much better. Friday, I entered RNWK, sold much too soon, and lost much of what was a 3+ point gain. I was too busy watching a lot of other stuff. I can go on and on and on about focus. I am lacking it, and it is costing me dearly. I post my own lists, and then seem to forget about them untli I look later and see that there were good performers. Overtrading I guess a lot of us do this. All these stupid trades with these damn internet stocks. I posted much of what I did with LCOS, and it was a manual in what NOT to do. Patience How many times am I going to buy too high, or sell too low. Waiting with a PLAN would be the better approach. I am writing this because I am very pissed off at myself, I really think that I can do a good job of trading, I really think I am learning (but too much the hard way), I really think I have good trading instincts, but don't seem to have the confidence to follow my instincts. I feel particularly good that I have only lost on one short position (I'm down on another), and it would have been a big winner for me had I held it. In this market, one has to be able to trade on both sides. I'm sorry to take up bandwidth with this, but allow me this therapeutic interlude. I enjoy making my contribution to this forum, and look forward to continuing. Yes, this is a position thread. I will be respectful of that. I will also try to do a better job of planning more, watching less intraday, and executing successfully. Peace to all, David