Replies to post #15514 on Results Driven Alerts

[backtrax]

When up a good percent, take some profit...on the rest, don't let greed encourge you to stay too long at the buffet, and if the best chartists here WARN you about an indicator (MACD for instance) that is turning for the worse(And historically is proven to be bad.) Listen up!....I thought bgoi had 1 more run, (Greed)...was wrong, Tec was RIGHT...most of the profits I had evaporated. And Tec's warning was about as plain as you'll get anywhere on ihub. JMHO.

[Phirefli]

Three basic rules I have been following lately: 1. Always take profits, (50% profit on a seemingly struggling level II is better then a 10 percent loss 3 hours later). 2. Sell when the stock is rocking, if it is not rocking, continue to step three. 3. Sell if a stock falls below a prior support/resistance point. That being said I don't really look at percent, but resistance/support. Have I been wrong and sold? You bet! But I have been right and kept myself from loosing more money more times then not. Remember there is always another play right around the corner in which you can make up a smaller loss, but a larger loss is hard to make up quickly. These may not work for everyone but they work for me cause I am small potatoes.

Epic and Tec have some GREAT rules for trading on their website, if you have not already been there go take a look....and then read them every day for like a month. It will sink in :).