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Re: J-Rhino post# 1478

Thursday, 06/23/2005 6:07:15 PM

Thursday, June 23, 2005 6:07:15 PM

Post# of 33129
'J-Rhino'

When I pick targets, I just place "open until closed" orders in and wait. I have no idea when or if they will close, other then the reasons for my picks, posted here.

Once again, I'll state, I'm not here to tell people when to buy and sell, but to show how a trading plan works.

Recently I posted, If you have a trading plan and stick to it, you will know the results to expect every time. IMO to become a successful trader, you will have to learn this and practice this. By posting numbers, I am trying to back up my mouth with my actions. So far I'm on the second trading plans execution, with the first plans results documented.

It's nice the first, turned out positive, but it could have gone the other way. If this one goes the other way you'll know about it. I play swing trades 25%/12.5% and longer trades double/half, in pennyland. I call them lump & swing trades and they are timed 2 months/2 weeks,simple plan!

The point is; create your plan to match your circumstances and you will always reach your goals. You will gain what you want and you will only lose what you can afford.

I don't recommed trading your money on anyone elses calls, other than your own. I have lost many, many times! and will continue to loose on trades. But I KNOW how much I will loose before I start to play!!!!