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Re: creppie post# 118

Tuesday, 02/26/2008 10:30:38 AM

Tuesday, February 26, 2008 10:30:38 AM

Post# of 669
I agree, I couldnt hold pennies overnight too much stress and I couldn't really follow the game during the day because of work.

I like my big plays, there is always liquidity so there is no scare of not being able to get out or get in. There is no chasing and the patterns tend to work out much more often, since there is always strong volume and plenty of traders following the same patterns (self fufilling prophecies).

I've stopped looking at too many indicators they just distort the sinal the real message. Price and volume and Moving Averages is mostly what I look for, and sometimes I will take a look at the MACD for some divergence, to confirm what I am seeing on the chart.

But so far I have noticed that price and volume are the key indicators..and obviously it only works on the big stocks. Breakouts on high volume are much different than breakouts on low volume :)

I play the small breakouts (or breakdowns) for a 5%-10% play(the play maybe a day or 2 weeks), because I play on margin my buying power is doubled and I can make more hence increasing my revenue and therefore increasing my buying power again.

For instance...shorted apple @ 190..still holding :)

move over to the big plays Creppie.

*** Dont listen to me I am just a MilkShake!!!!
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