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

To: Dick Brown who wrote (9715)	3/4/1999 1:08:00 PM
From: shasta23	Read Replies (1) \| Respond to of 12039

Thanks DICK! I must admit that i don't have a system i follow. I have certain rules and entry criteria but i don't have yet a clear cut exit strategy. I'm laboring with this for quiet some time. Maybe a year ago or so Dave wrote some instructional posts for me but to look at different indicators and i looked at them but i just think that i'm not a completely convinced indicator trader like he is. I exited COMS for example because the drop was so big and we got a bounce of the 100SMA which i think would provide some support. The idea was to try to reshort it during that bounce. Well it never really bounced that much and that was it. If i had followed STochrsi or MACD 8-17-9 that would've kept me in my best trade of the year. But then again i tried that and since the market was so extremely volatile that last weeks gave back a great portion of profits. This is a work in progress and i feel that using the indicators as exit might make FOR ME more sense when the market is in a more stable and trending environment whereas i might try to take quicker profits in a choppy market. That is especially true for some stocks that were hot lately:AMAT,NVLS,UNPH,APCC and the likes which show 10-15% intraday swings.If you wait on these for a turn of stochrsi14 the might drop 30% and i just can't stomach that. Hope that makes any sense? I also try to see how other traders solve this "problem". Like i said, i know that Dave goes by the indicators and i think Richard too. Maybe i'm to inexperienced to trust the indicators and that might change some day? Stefan p.s. market feel "strange" today, the way "they" keep the NAZ around 2300, right on the knifes edge where it can fall each way in a big move...