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Re: schloss_1 post# 148661

Saturday, 09/06/2003 2:37:40 PM

Saturday, September 06, 2003 2:37:40 PM

Post# of 704041
No problems with that except that for different stocks and type of plays I use different "rules". The fact that you start a play as a day trade and then let it go and become a swing trade and even a LTBH, tells me that your approach is not to set your game plan prior to entry, but to vary your game plan according to the changing circumstances. Nothing wrong with that (it can be part of "Plan the play and play the plan", except that the plan has a variegated post buy (sell) matrix which varies with circumstances), except that if you are dealing with 20 or more issues simultaneously, you got to "remember" the full matrix for each which could cause problems. My preference is a more "fixed" plan (though, from time to time I brek that rule as well).

AZH

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