Making TSM Trades - Don Y.

Ric,

Do you have any reading material or suggested reading on how to tell when to take profit on a stock trade? For instance, I took profit with DIS after only gaining $.70 on the same day of purchase, fearing it would not go further with all the bad news out there or that something drastic would happen overnight. How did you decide to sell at the price that you chose? Even if I watch the market every minute, I don't know how my performance can come even close to your theoretical one if I don't sell at something close to your sell signals right? Please advise.

Thanks,

Don
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Don,

As I point out in the TSM daily report, the TSM trades are not necessarily actual trades.
Instead they are possible trades for the forecast stock. Typically, soon after I buy a
position, I put in half position sell points for profit: the first one near the low side of the
profit range and the second above that near prior resistance if possible. Seventy cents was
below the profit range but still a nice intraday gain.

I too was expecting poorer performance last week so I held my contra etfs which lost money.
Most often, the market will do exactly what most expect it not to.


Ric