[isatrader]

The thing I've noticed in the GTA reports and the interviews is that he complains a lot about his clients wanting short term recommendations, whereas he wants them to focus on the longer term as he believes that's the most important. He often says the short term is a 2 on the Richter scale whereas the long term is a 10 on the Richter scale. So the GTA seems to recommend a fairly broad amount of stocks each month to satisfy all the short term traders that use the service. But I noticed a lot of them are saying do "additional buying" or "buy a pullback to.." or "additional selling" etc. So it's not just highlighting the A+ candidates, but instead seems to highlight all of the reasonable stocks in favourable technical patterns. I think we have to put the March 2012 picks in context though, as as I said at the start of this thread, a lot will have failed short term due to the point in market's Stage 2 phase and I think highlights the importance of overall market timing i.e. doing most of your investor Stage 2 buying early in the markets Stage 2 run and then focusing more on trader continuation buying later in the Stage 2B phase or doing no new buying at all and just managing your portfolio with the trailing stops method.

For what it's worth, Weinstein found that half cents only acted psychologically like a round number on stocks below twenty dollars and then he advised that the stop should be placed at 1/8 below that so I guess that's 12 to 13 cents below. P195

I do remember that from the book, but it was pre decimalization, and any stops I've done in the examples so far from the 2012 GTA, that have gone below the half or full point, have been right below at 24.99 or 35.49 etc. So not sure if the page 195 is relevant anymore, but will see once I've done more examples.