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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (13687)4/30/1999 5:17:00 PM
From: Judy  Respond to of 43080
 
Glenn, one more thing so you know where I am coming from when I say I will hold long-term ...

Message 9247916

Have a good weekend all.



To: The Perfect Hedge who wrote (13687)4/30/1999 5:39:00 PM
From: HG  Read Replies (1) | Respond to of 43080
 
<<< NTBK brke out of a triangle at the close and key resistance was 187 1/2......>>>

Sorry for butting in but am in a learning mode.

See thats what I don't understand and always make mistakes with. I often buy at breakouts, only to see the stock fall back into the pattern. So that means I end up buying at a high.

How do you say it broke out when it fell right back in ? I had wanted to sell when it was 187, thinking it was at the tops and would fall, but when it went to 190 while I fumbled with my screen, I thought - hey, this is a breakout. Few minutes later the thingo went to 182 ! Coulda sold and bought back at a discount !

How do you resolve this ? Is it me or is it an eternal problem with everyone !