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So here's the $64 question: how big a wiggle tells you that you made a bad
decision and should get out? I mean, when do you decide a wiggle has turned
into a KIDE?
Regards
DanG
Phil Lane wrote:
> Ahh... it helps to get the right day!
> But stocks like this have a huge daily range. Trading for the bigger swings
> you should trade small enough to withstand the typical volatility. You're
> playing for a move that might take several months, so you gotta be able to
> handle the short-term wiggles. For example if you're playing for a 50 point
> move you would trade 1/10 the size as you would for a 5-point daytrade.
>
> rgds phil
> http://www.patterntrader.com
>
> ----- Original Message -----
> From: Daniel Goncharoff <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, January 26, 2000 7:26 AM
> Subject: [RT] Re: day trade vlnc (12of 16 good)
>
> > Uh, maybe he dislikes being the guy who bought SDLI on Monday at 275, and
> had
> > to sweat out the ride to 235 on Tuesday before coming back into the 260s
> > today...
> >
> > Regards
> > DanG
> >
> > Phil Lane wrote:
> >
> > > I never can figure why people want to work this hard!
> > > I mean, you could always do it EASY way, i.e. buy some leading stocks
> like
> > > SDLI, JDSU, TQNT, ITWO etc and double your money just by hanging on for
> a
> > > while.
> > >
> > > I'm not picking on you!! Just searching for answers. With any luck we
> could
> > > get a good discussion going.
> > >
> > > rgds phil
> > > http://www.patterntrader.com
> >
> >
> >
> >
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