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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Brian C. Lund who wrote (8935)	11/20/1998 7:54:00 AM
From: Webb B Blackman Jr	Read Replies (2) \| Respond to of 12039

Thank Brian, SANG was not a stock that I purchased using TA. It was one that I had read about and thought it had long term potential. I sold all of the shares that I purchased earlier this week when the stock dropped yesterday (for a $3/share profit) but really know that buying them was the wrong thing to do. I guess that I should not have checked the market interday. One thing that you mentioned and that I have heard many times but really do not understand is "money management". Could you recommend a good book on the subject? What I am doing now is limiting any purchase to 5% of my capital and limiting a loss on a given company to 20% of the purchase price. I tried a smaller loss percentage and it just did not work on some of the lower price stocks that I purchase. I guess that the one thing that I am really missing is an exit strategy. I think that by using the StochRSI(14) and MACD scans, I have found a way to pick potential stocks for purchase, but really do not have a good exit plan. Most of the time, I use regression channels in GET and sell if the stock either breaks the lower channel or the 6 day moving average of the high. Not the best, but it works most of the time. Thank you for your comments. --- webb blackman ---

To: Brian C. Lund who wrote (8935)	12/4/1998 7:23:00 PM
From: Tom Halkar	Read Replies (1) \| Respond to of 12039

Hi Brian Yipe! <gggg> Proabaly should have read more posts before responding to yours. Maybe there additonal information from the psychological side of it. I have heard the word money management rules before. Could you please provide some details on those rules. Everyone else is also welcome to add there rules here too. I am sure it will be enlighten for many. Thank you for your time and consideration. Have a outstanding weekend!! Tom The Windy City