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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Howard Shlom who wrote (7549)	3/8/1999 2:38:00 PM
From: SnowShredder	Respond to of 59879

Howie, I know what u mean about limited funds...I'm a starving student ;) I'm sure there is enough umphh for both stocks to rise. Ya gotta ride the nut as long as it is runnin :) I swapped CNET for CMGI earlier today...I hope I don't regret it. Best of luck, Where'd He Go?

To: Howard Shlom who wrote (7549)	3/8/1999 7:57:00 PM
From: TATRADER	Respond to of 59879

howie, IMHO, you should have stayed with ARTT, but we will see tomorrow...I am 95% in cash with small position in VVUS.... Here are some interesting tibits for those who want to be traders... 1. First of all to be successful at trading, you have to have a passion to succeed..That means reading every bit of trading knowledge you can get your hands on...taking notes...memorizing, talking to the wall...Books that I have liked, "The Visual Investor" by John Murphy "Trading For a Living" by Elder; "Technical Analysis Explained" by Pring or any material on technical analysis from the New York Institute of Finance.... 2. You need to have a software system that allows you to do daily scans for initial picks..A good trader generates his own picks, he is not dependant upon others...I never buy a stock on a tip...Although I will do a quick TA on a pick that a trusted friend gives(that I have previously followed myself--example today was VVUS by Bazan and Skane) me and the potential for entry is there if it fits my criteria.. My favorite initial scans now are MACD Histogram zero line crossover, Special MACD, 180's, 1,2,3,4's; and poppers(an indicator I developed) 3. Next you have to look at the hits that your scans generate for the best of the bunch..As Time goes on, you can tell those that have greater probability for continuing momentum... I love to see a good pattern(head and shoulder, ascending triangles, cup and handle(SPNSF), double bottoms, symmetrical triangles) combined with multiple hits,(say a 180, with an expansion breakout) 4. I analyze the stock to see where resistance and support points are using Gann Retracement, Fibonacci arcs, moving averages of 21 and 50 day, Bollinger bands,envelope channels, and high volume areas... 5. I check to see if the stock is oversold...If ADX is over 40 or under 20, I use RS and simple stochastic..Both have to be reading oversold, for me to be concerned.. 6. I love to see stocks where ADX is moving from under 20 to over 20..That is usually the sign of the birth of a trend.. 7. I only enter if I see continuing momentum over yesterday's high 8. I set tight stops, 3 to 5% below my entry..If I am taken out, my loss is small...People end up being rookies traders because they can't set stops...I only have to be right 60% of the time to make a nice living...Who cares if I get taken out 40% of the time...My goal is to keep playing the game..... Regards, Mark