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Technology Stocks : PRTG (PRT Group)
PRTG 0.649-2.3%Dec 24 9:30 AM EST
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To: purecntry5 who wrote (72)3/8/1998 1:09:00 AM
From: gerald tseng  Read Replies (1) of 128
 
FUNNY I DON'T FEEL PESSIMISTIC AT ALL ABOUT PRTG.

IF YOU GO BACK TO THREAD HEAD AND CHECK OUT THE ARTICLE IN fORTUNE MAGZINE, THEN YOU WILL UNDERSTAND ONE OF THE PREVIOUS POST TALKING ABOUT THE CHARACTERISTIC OF THE CEO.

WHAT I WAS SAYING IS SIMPLY THAT THIS IS NOT THE SITUATION FOR SHORT TERM TRADERS. yOU SHOULD EITHER BE "TRUE" DAY-TRADING OR HAVE A LONGER TIME FRAME.

THE REASON PROFESSIONAL DAY-TRADER CLOSE OUT THEIR POSITION AT THE END OF DAY IS BECAUSE THEY LEARN OVER THE LONG RUN THAT IT'S THE THOUGHT OF TOMORROW COULD BE BETTER (GREED) THAT WILL CAUGHT THEM BIG TIME.

THEY TYPICALLY TRADE BIG BLOCK AND THUS THEY HAVE TO HAVE VERY TIGHT STOPS (FOR PROFIT OR LOSS). AND WHY WOULD THEY HOLD A BIG POSITION AFTER MARKET CLOSE? WHAT IF NEWS CAME OUT AFTER CLOSE OR BEFORE OPEN, THEN THEY ARE CAUGHT BECAUSE THEY CAN'T DO ANYTHING UNTIL MARKET IS OPEN, AND SO THEY LOSE THE ONLY ADVANTAGE OF DAYTRADING: THE ABILITY TO MOVE IN/OUT QUICKLY. WHEN YOU ARE CONSTANTLY TAKING 1/4 PROFIT, YOU SHOULD KNOW HOW MANY SUCCESSFUL TRADE IT WILL TAKE IF YOU ONLY GOT HIT ONCE WITH A FEW POINT'S LOSS!

THE CAPITAN GUY, IF HE ALREADY CLOSE OUT HIS POSITION, THEN I THINK HE IS DOING DAY TRADING THE RIGHT WAY.

BUT, GOOD LUCK TO YOU ANYWAY!
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