World Surveillance Group Inc (fka WSGI)

[lowtrade]

The question that keeps poping up by readers, seems to want someone here to tell them when to buy or sell.

Most traders that use TA, use it to guess this very thing. THERE ARE NO FIRM ANSWERS to that question. Period!

After learning to evaluate charts and studing them, you form an opinion of what should happen , due to the indicators presented by the past.

You should create a style of trading. This style will determine how and when you trade.

Example: My style is to pick profit targets, based on TA, before I start. If I normally swing trade for a 25% play in pennies, then I should find a stock who's DD shows I can reach that goal. That's my normal play, but the charts on this run with Gtel told me I could expect much more.

So when I got near the 25%, with this run I did a final Eval to determine my exit point. It showed me Gtel had much more to offer and I placed my sell order days ago for .383, or 55%.

Once I decide, I stick to it and could care less what happens between today and when I expect my trade to close. Because I will not sell until that target is reached or a loss target based on 1/2 my original profit target 12.5%

Check Post#607 I expect to close this target between today to 2 to 3 weeks out.

Will this be the top? I don't care, I got my target and there will be many more targets. But experience taught me, if I get greedy and want to play daytrader and don't sell at target; the last(I'll wait just one more ramp) ends up turning into a plunge, and I play chase the plunge, not closing, as it runs faster then I can change orders.

So my advise to all is pick a buy, sell profit, sell loss targets before you start and stick to them. Upper target can be tweeked as it approches the sell profit point, with a last minute TA eval, but tweeking the sell loss target normally will kill you if you fiddle with that one.

It doesn't matter what you use to determine the targets, event Guess. But if you don't want to lose more than 2%, 5%,10% stick to that target NO MATTER what!

Success!