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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (26)	11/1/1998 6:37:00 PM
From: JEB	Respond to of 56535

Good point! Invariably a run needs a pull back and support buying (Base) to make the next run. I use to stay in a stock too long (as you pointed out) and would lose most of my gains. In some cases, it would fall back lower than the original base before the run. I finally learned to get out (Take profit) on the run and wait for it to base before I would get back in. Sometimes that takes days or weeks but it allows your money to be used on other stocks that are running while your waiting for the original stock to show life again. Level II allows you to set alarms so that it will watch your stock for you (After you have put in the variables, i.e. - looking for a volume of this or a price rise of that) so that you may trade others and it will alert you before the stock gets away from your pre-conceived entry point. Good trading, JEB