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Hugh,
I have 182 issues in my "stock world". I place the order as a stop
(usually) unless it opens up past the 1/4 the next day, then it will be
a market order (I save $5 on commish). The stop order will remain in
place for the next 5 days. I will usually fill the next day or two.
Being a commodity trader has taught me to have a short time frame. I
will also not hesitate to re-enter a position at a higher price.
Al T
Hugh Valliant wrote:
>
> Ahhhhhh Al, you forgot the "key" to the Holy Grail...
>
> What's the samll database!!!! ..... <grinning>>>>>
>
> And the final secret... after the new high is reached ... how many trades
> before the 1/4 is reached and within what timeframe before you commit???
>
> Happy trading
>
> Hugh
>
> At 02:49 PM 7/14/1998 -0500, you wrote:
> >To Richard, David, Rajesh, and all. I do believe I have found the Holy
> >Grail IN THIS MARKET. I normally trade only the T-Bond and currencies,
> >but, because of the last 3-4 weeks of extreme volatilityin the bond and
> >currency markets, trading was beyond my risk/reward factor. As such, I
> >returned to my small database of stocks. I immediately saw an opportunity.
> > My last 12 trades have been very profitable. I will share my discovery.
> >If the stock makes a new high, then exceeds the high by 1/4 of a point,
> >buy.
> >That's it. Simple. Not looking for bottoms or triangles or
> >head&shoulders. No oscillators. No indicators. If the stock closes 1/4
> >below the previous day's low, close the position.
> >
> >Remember, guys, I said "in this market". Like Richard implied, a bull
> >market makes many of us look good.
> >
> >Al Taglavore
> >
> >
> >
> >
>
> \\\\!////
> \\ _ _ //
> ( @ @ )
> ---------------------------------oOO--(_)--OOo-------
>
> MI-COM Technology
> Computer Solutions for Small Business
> Helping you access and travel the Information Highway
>
> Hugh A. Valliant
>
> Bus. (416) 726-5355 Fax. (416) 699-3847
>
> E-mail valliant@xxxxxxxxxxxxx
> http://www.mi-comtech.com/
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