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Yes, I bought the first 3 volumes about 6 months ago. Started to read them, it just wasn't for me at that time. I'm sure that sometime in the future, I'll attempt to read them again, and maybe I'll be more interested. When I call them, they were very helpful. So, if you're interest...

Daytrading: I'd go long the lowest low(of that bar about 40 bars ago). I'd use a somewhat tight stop. and scale out on the way up. Swingtrading: I would look to short it on a upward reaction.

Good idea. :)

Ok, now I understand. Thanks gotta_trade

I thought "he" was a "she". Am I wrong?

Magna, you really gotta calm down. Slow down little person. Got it.

You're a better moderator than Magna. She's horrible.

Wish you the best.

Yes, that was the first time that I was effected by an opening gap against me. It ain't fun, but I do feel that I made the most of the situation. That really is one of the true dangers with swingtrading. Thanks for the support.

I have an idea. Ask Magna for her advice and do the opposite.

I closed the position at $20.00. I was down $1,130.00 I bought 200 more at 18.50. That give me an average price of $21.12 on 400 shares I worked the situation. As soon as it showed one sign against me, I got out. I'm stopped out at $20.00 Total loss is 1.12 per share. Which...

SIE just traded at 20.50. That's only .62 cents below my average price. If it trades at 20.00, I'm out. I'm giving it one chance and I'll work with that one chance. Other than that I'm out.

I'm just making the best out of a disaster.

Raising sell stop to 20.00. If it trades there I'm out.

I bought 200 SIE at 18.50. Average price is 21.12 My sell stop on 400 shares is 18.00

Now indicated 17.50-20.00. Not good.

Thanks. But my only open position SIE, is indicated 19.00-21.50 from NYSE. That's not good. I'll place a protective stop after the opening, below the short-term opening range.

I'm just trying to say that we can NEVER know, what is going to happen. That's why we take high probability trades with the proper risk/reward raio. We also use proper money management. And most of all we use protective stops to protect us from when we are wrong. With one trade, one...

I though today was going to be a lifeless day? Futures up almost 9 points already. Hmmmm, I guess we really never know what to expect. Wouldn't you say?

Did you stick to your discipline? Are you out?