''In a trending market,for Pete's sake use market orders.In a sloppy choppy envirement you have to be careful about market orders''Linda Bradford Raschke interview<Active Trader mag 8/2000
Trading Maxims/Quotes
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Same article,Active Trader mag,8/200.Question.............''market or limit orders for these trades? '' '' LBR I trade at market on 90% of my trades.''
Question What time frame charts do you watch during the day???????????????????????????''to watch the market intraday,I have 30,60,120 minutes............''LBR interview ,Active trader mag 8/2000
I switch timeframes depending on the speed of the movement. If a stock really starts to take-off upwards or downwards, I will switch to 1 minute bars until the move ends, while keeping intensly focused on price and volume. Look at the 1 minute bars of STEL yesterday and today. There is a whole story being told in the price and volume when you compare it to the NASDAQ composite index price action. It was being faded big-time
If your right eye causes you to sin, pluck it out and cast it from you; for it is more profitable for you that one of your members perish, than for your whole body to be cast into hell.
"Perhaps the most you can hope for on the masters journey -- whether your art be management or marriage, badminton or ballet -- is to cultivate the mind and heart of the beginning at every stage along the way. For the master, surrender means there are no experts. There are only learners."
-- George Leonard -- Mastery
-- George Leonard -- Mastery