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Alias Born 04/05/2005

Re: lowtrade post# 1366

Sunday, 04/24/2005 9:49:29 PM

Sunday, April 24, 2005 9:49:29 PM

Post# of 44374
I agree completely with lowtrade's remarks. Averaging down is a powerful way to play on the bid action, even if you are taking a loss, in order to recieve the pay-off when you execute a well placed sell.

Before I came to Pennyland trading I spent about six months doing fictitious trading using an excel spreadsheet I made. Basically the action was "if I invested X dollars at this price and then sold X dollars at this price". I tracked the spreadsheet like a real investment. It was through my simulated plays that I learned the most and never lost, or made, a dime. But it taught me the invaluable strategy of playing the down.

Good Luck!



~John~

Protect your investments. Join the NATIONAL COALITION AGAINST NAKED SHORTING(NCANS)
http://www.investigatethesec.com/
http://www.ncans.net/whycare.htm





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