Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: KevinThompson who wrote (5488)	4/14/1999 8:47:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Asked about my PERSONAL SWING TRADE HABITS. . .Thought I'd share response: It depends on time of day, strength of market, time frame, float and circumstances. After DD and carefully considering downside risk. . .I buy most or all at first on swings. . .then just as it is getting discovered, I often make final buy [often after a sharp upward move]. . .but that buy is considered a day trade, so I often don't count it with a swing trade result. It is rare but not unheard of to buy a second time on the way up, but there had better be every indicator in favor. . . I make twice as many sells to come out at many different levels. . .I am not at all afraid of leaving money on the table. . .more concerned with getting my profits out. . . don't want to be the one that sold the top, there is no trophy. Rather be the one that got out with nice safe profits. Often, I will sell quarter original capital up 50pct, quarter to 3/4 original up 100 pct [depending on momentum], the rest of original investment immediately following at the "chosen" high . . .then watch free shares ride. . and even sell those in 3 or 4 limits, based on momentum. Often the final sells will occur on the way back down. . .this ensures that any further run ups won't occur without me. Another case for not trying to be the "one" that got out at the top. I have never once successfully exited at the top, and won't even try. Now this week all the rules are different. . .mania is so strong that I am letting FAR more money [bigger percentages of investment. . up to 100] ride FAR longer. That way I get the max gains. . . like I have said over and over. . .I wait all year to trade the first two weeks of April. . I can make bigger gains in two weeks than 95 percent of public can make all year long. I also like November thru January. Still looking to move winnings into safe hands the minute I "smell" this thing coming to an end. I lost WAY too much last year by trying to play into May. The smart money had left, but I was out of town on honeymoon and couldn't see correctly. . .and twitterpaited. . .don't have to tell me twice. Don't get addicted to this market and try to force it after it ends. . . you'll be the only one there rooting your stock. Rande Is