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

To: Nicole Bourgault who wrote (9856)	2/24/1999 1:31:00 PM
From: Trader J	Respond to of 56532

Nicole: There are a few things to consider on when to sell. Firstly, what was your goal when you entered the trade. You must have a goal when you enter, otherwise you may not exit properly....have realistic expectations. Watch the volume very carefully, volume will always preceed price rises and drops....well, nearly always. When a stock stops and churns, usually what you are seeing is that there are an equal number of buyers to sellers, I will usually sell into this if I am sitting on a gain or a gap. Although it could easily break through this resistance, if the issue has already run from your entry, most likely you will see sellers start outnumbering the buyers and the stock will move lower....but be ready for reentry. But watch the volume into the run and see if it dries up when the stock starts churning. Tj