if you are new, realize that there is no one set
to play things becasue everyone has a differnet style i.e.
different time frame objecives as well as different risk
tollerances.
Welcome. This is a nice trading site. I sent you a
PM on my thoughts of your trade. Per Matt's overview chart
your purchased at support and its in a bullish falling patten ..
good eye and entry. Now you just let those stops near $77
area protect you and see what happens.
Remember - Only you can decide what best for you therefore its
only my thoughts of what I would do if it were me trading.
You have to decide whats best ..
- Lock in total gain now (Lowest Risk / Low
Return)
- Lock in part of the gain now (Mid Risk / Mid Return)
- Let your profit ride with opp. for higher return with stop
protection (Higher Risk / Higher Return)
Only you can make the call but good luck. Personally I'm a
Midder trader :)
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so whiich wave of the
Market Analysis
Posted by gift1999 on 9th of Sep 2008 at 06:32 pm
so whiich wave of the market happened today
Wave 3 C down, the
Posted by matt on 9th of Sep 2008 at 06:43 pm
Wave 3 C down, the trending wave. The sell off last week was wave 1, the bounce from Friday's low was wave 2, and this is now wave 3.
What does wave 3 or
Posted by rlac on 9th of Sep 2008 at 07:01 pm
What does wave 3 or C measure down to?
Matt , I entered SRS at
Posted by gift1999 on 9th of Sep 2008 at 06:49 pm
Matt ,
I entered SRS at 79.42. What do I do now....sit tight with stops ? can you pls guide me
Here's a chart of SRS
Posted by matt on 9th of Sep 2008 at 07:19 pm
Here's a chart of SRS with comments: It is also now on the Watch List
SRS chart - read the comments carefully, also make sure to read the Watch List FAQ
if you are new, realize that there is no one set to play things becasue everyone has a differnet style i.e. different time frame objecives as well as different risk tollerances.
Thanks very much Matt wow its
Posted by gift1999 on 9th of Sep 2008 at 07:24 pm
Thanks very much Matt
wow its been only 2 days that I joined and I am already reaping benefit
Welcome. This is a nice
Posted by cspirit on 9th of Sep 2008 at 07:35 pm
Welcome. This is a nice trading site. I sent you a PM on my thoughts of your trade. Per Matt's overview chart your purchased at support and its in a bullish falling patten .. good eye and entry. Now you just let those stops near $77 area protect you and see what happens.
Remember - Only you can decide what best for you therefore its only my thoughts of what I would do if it were me trading. You have to decide whats best ..
- Lock in total gain now (Lowest Risk / Low Return)
- Lock in part of the gain now (Mid Risk / Mid Return)
- Let your profit ride with opp. for higher return with stop protection (Higher Risk / Higher Return)
Only you can make the call but good luck. Personally I'm a Midder trader :)