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

To: Donna Carey who wrote (682)	11/18/1998 9:54:00 PM
From: Trader J	Respond to of 56535

Donna: I try to have a specific expectation for each trade as I make it. If it runs beyond my target, I will let it run and usually use my target as a mental stop. Sometimes like on APLX today, so much resistance was met at 5 that I decided to sell. I don't like to see a lot of churning going on especially if it starts downticking when it meets that resistance. There is no magic solution on when to sell. Sometimes it will keep going, other times you look like a genius as it falls. Just keep your greed in check. The best way I know it may be time to sell is If I ask myself "is it time to sell"....which usually happens when a stock meets resistance. Remember, you can always buy it back if it keeps going. Good luck TJ