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

To: zora who wrote (10665)	3/6/1999 12:24:00 AM
From: Triffin	Read Replies (2) \| Respond to of 56535

Jon K..Shorting This is in the FWIW category..these are lesons I learned the 'hard' way on shorting stocks.. Try to short stocks that are 'declining' rather than running up..it's much safer..weak stocks usually get weaker just as strong stocks tend to get stronger..Trying to short a stock that is spiking up in price is the same as grabbing one on the long side that is in free fall..we all get lucky once in awhile and catch the 'turn' just right..but It's not a good long term proposition..If you find that you are short in a 'runner' and underwater its a good idea to cover around 3:00 and take your loses..Brokerage firms execute 'buy-ins' @ 3:30 .. traders know this and that is why a stock that is up a bunch of points late in the day will often have an acceleration move into the bell.. It sounds easy to say.. 'buy strong stocks' and 'short weak ones'..but very hard to do..most of us tend to do the opposite in fact..and with poor results.. The only exception to the above is to do scalp trades on the short side in the morning..ie fading a gap-up opening..provided no news.. Jim in CT..

To: zora who wrote (10665)	3/6/1999 12:32:00 AM
From: snerd	Read Replies (1) \| Respond to of 56535

Hey hey!! Snerd Man is back!! ; ) Been busy getting a client or two set up and running. Haven't had much time this week for trading. What a day today, huh?! Wow! Missed out on it! : ( Jon K... I'm also down about half, and not on profits, but actual trading money! Made some bonehead trades last week. But them's the one's we don't post, huh? ; ) Poet... hope you're better soon. Howdy Triff, MMK, DM, and all you others I can't think of right now. Oh! Tony B. Well, what can we say about that guy! lol TJ... best of luck on the new venture. Don't be a stranger, huh? Hmmm..... now where has that vicrobi disappeared to?! <g> And welcome to all the new faces I see! Gee.... I kinda miss the old days of January too. Seemed a lot more active on here then : ( Snerd