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Strategies & Market Trends : The Scalper's Thread

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To: Tim Luke who wrote (24)	12/19/1997 8:38:00 PM
From: jaytee	Read Replies (1) of 62

T.L. : first of all, GREAT THREAD. I like the concept, and plan to do the same. My biggest faults have been holding too long . . . averaging down. . . or staying sideways in a dead stock "forever" (or so it seemed) waiting for it to recoup lost ground as opposed to taking my loss. Do you use about a 7% MENTAL stop? Or something in the way of a REAL stop loss order. I found myself getting stopped out alot. I like the range of these picks. Are these part of your "stable" that you got to know, and keep playing? Look at PWAV it has similar volatility. And the same kind of swings daily. And it used to be that OAKT could be done same way. Who do you use for electronic broker? How much per trade? I need to get my costs down to scalp. But don't want to compromise the execution. Have you checked out Watley or the others with the "KILL KEYS?" ( For almost instantaneous trades. Check out www.vulcan.com I am doing a cheap "real time" hook up and see the potential for scalping. Do you do the same? Thanks for the information/inspiration. Jaytee

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