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Al T.,
Hello. Could you share with us how do you chose stocks
to be placed in your "stock world". Is it high PE stocks,
low PE stocks, stocks with high IBD's relative strength?
Also, how would you define a stock that does a new high?
Is it a new high for the last 3, 5, 20, or 100 days?
Also, you mentioned that you traded T-bills and currencies.
Could you also share with us what are your rules for entering
a long position in these two markets. Thanks.
Regards,
Steve Gochuico
In response to the ff.:
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Date: Tue, 14 Jul 1998 17:04:59 -0700
From: Al Taglavore <altag@xxxxxxxxxxxx>
Subject: Re: Simplicity
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
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