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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (19377)	1/13/1999 8:19:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 69126

Nailing the exits.. an interesting phrase as it has two meanings, is the more difficult half of trading. People spend far more time trying to select a winning stock trade than when to get out. If you were to apply the same analysis of probability to getting out of a trade as you do getting in you'll find your fortunes soar and your confidence grow. thanks for the good luck wishes...

To: xcr600 who wrote (19377)	1/13/1999 8:47:00 PM
From: Clint E.	Respond to of 69126

Hi X. >>>>I'm good at nailing my entry points, but terrible at exiting. Same here. Considering the stocks that we trade and the overall market volatility, I cannot see a way around it. It doesn't matter now, X. If stocks traded within 1% range on daily basis, then I would care more about this. I see your point about not being able to monitor the market during the day. Couldn't you take off on days like this? It is too good not to, if you have a flexible job. Starting in Feb., I won't be able to do it as often either. Isn't nailing the prefect entry & exit a myth anyway? In the last three years on SI, I've seen a couple of people who claim they can do it but interestingly enough they always posted their trades after the market close. Clint