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Post# of 47295
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Thursday, 11/04/2010 10:31:55 AM

Thursday, November 04, 2010 10:31:55 AM

Post# of 47295
lowtrade, When you're in a play, how often if ever do you exit a trade if it's waffling around but hasn't hit your 2 week max time limit yet? For lack of performance reasons.

And, do you ever simply exit a trade early just due to the overall market looking weak or going down? Thereby throwing out your TA analysis and/or targets or chart price specs? Or do you stick to plan no matter what the overall market is doing?

GMR is one example of part of my question: it brokeout of a descending wedge recently but is now waffling around. Do you see this as a retail fizzle and would you exit, or do you see it as a breather/consolidation and it could be worth holding onto? My intra-trade decisions about when to change course could use a little improvement for sure.

I assume part of your intra-trade decision is based on indicator activity, but is there also an apathy indicator in your head that you use... such as cut GMR loose because volume has decreased and it's not going up or down either way much the last day or so?

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