Fear and The Market 1 of 2

RAMOUTAR · Jul 7, 2003

Quote from harrytrader:

Something that is an handicap you can exploit as an advantage. Each time you have great fear write it down, write also what the market did. After you have enough historical datas, look if there is a significant correlation : then you have a technical indicator of your own
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I just learned that James Earl Jones stuttered as a child. Now he is one of the most sought after voice overs and talents.

RAMOUTAR · Jul 12, 2003

Quote from RAMOUTAR:

See my replies to your post (in the quote above), starting with "RAMOUTAR SAYS". I have also enclosed (below) a scaling strategy for a swing that I'm in now. You'll see what I mean when I adjust not EST, but add E, and adjust ST, feel free to refer to the QCOM daily when looking over the journal.

QCOM (scaling swing trade journal)
ST=short term (profits taken on failed patterns)
LT=longer term (profits taken at target on continuing patterns)

6/18/03

Bot 500 @ 34.70, stop at 34.10 ($ .60 risk) next entry 35.90 (or a target if pattern fails, $1.20 reward) LT target $38.72

risk= .60, reward = 1.20

I will use ST target if pattern fails. If pattern continues I will continue to average up and use LT target.

6/19

Bot 500 @ 36.50, new average price = $35.60 stop at $35.08 ( .52 loss) new ST target & LT target are the same, $38.72

risk= .52, reward = 3.12

7/2

Bot 500 @ 37.08, new average price = $36.09

raise stop to $35.24 (.85 loss) ST and LT target reduced to $38.18 (re-evaluated supply on daily)

risk = .85, reward = 2.09

7/3

I raised stop to $36.58 for 1,500 shares , target still at $38.18 will pick up last 500 at $37.90 if stock trades higher and takes out highs from 6/19. 7/1 and 7/2

On Monday, if I buy last 500 shares at $37.90 my avg cost will be $36.545. My stop will be raised to $37.15.

On 2,000 shares, if stopped, I get $1,220, if target is reached $3,280.

If stock doesnât trade above the three highs, Iâll hold at 1,500 shares and my average cost is $36.09 and stick with $36.58 stop a $735 profit.

This is one of my swing trades. I provided to you as an example. NO FEAR here, I've planned for the worst. PM me with more question if you need blt! Happy4th.
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By the way, I assembled an animated and annotated Powerpoint of this play, if you would like to see it send me a request by PM.

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Fear and The Market 1 of 2

RAMOUTAR

RAMOUTAR