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

To: majormember who wrote (9389)	6/6/1999 2:06:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

yes, when you see momentum on upside starting to weaken, i would short it... Here are some words of wisdom from another one of my heros, John Murphy. 1)Trade in the direction of the intermediate trend 2)In uptrends, buy dips; in downtrends, sell bounces 3)Let profits run, cut losses short 4)ALWAYS USE PROTECTIVE STOPS to limit losses 5)Don't trade impulsively, have a plan 6)Plan your work and work your plan 7)Use money management principles 8)Diversify, but do not overdo it. 9)Emply at least a 3 to 1 risk-reward ratio. 10)When pyramdiding(adding positions)follow these guidelines. a)Each successive layer should be smaller than the one before b)Add only to winning positions, never add to a losing position c)Adjust protective stops to break-even point 11)Never meet a margin call. Don't throw good money after bad. 12)To prevent margin calls, make sure that total equity is at least 75% of total margin requirements. 13)Close out losing positions before winning ones. 14)Except for very short-term trading, make decisions away from the market, preferably when the market is closed 15)Work from the long term to the short term. 16)Use intra-day charts to fine tune entry and exit. 17)Master inter-day trading before you try intra-day trading 18)Try to ignore conventional wisdom; don't take anything said in the printed media too seriously 19)Learn to be comfortable being in the minority(maybe that's why I like gold stocks now) If you are right on the market most people will disagree with you. 20)Technical analysis is a skill that IMPROVES with experience and study. Always be a student and keep learning I like number 20!