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

To: Ron McKinnon who wrote (10686)	3/7/1999 12:46:00 PM
From: StockHawk	Respond to of 56535

Ron - trading rules - selling >>Sometimes the best way to buy low is to put in a limit order for a stock at "a price you'd love to own the stock at"...You'd be surprised what an effective way this can be to both buy and sell. When you get your "dream" price, it's a great feeling. << This is something I have been doing with position trade sell orders. I'll enter a sell orders at a target price that is not a realistic expectation for just one day's move. Most times the sells do not go off, but surprisingly sometimes they do, and as you said it is a great feeling to see an unexpected sell at a nice price. When I first started doing this I was concerned that I might miss some big run - that a stock sitting at say $20 would be sold at $25 after a $40 buyout was announced. That may happen some day, but it has never happened yet, and I made some good trades on spikes that I may have otherwise missed. StockHawk