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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (16587)10/9/1998 12:16:00 PM
From: Jenna   of 120523
 
e-mail: traded DELL twice for total 5 points, PVN for 5 and MER for 3 1/2. I'm not interested in taking it home. DELL, MER and PVN sufficed me today. AMMB was good but just whip creme. I could have stopped trading at 9:50 and just been happy with the 2 day profits. I want posters and subscribers to understand one thing however. If you just daytrade and give up on longer term holds you will make nice money, but not very big money. You should have long range plans to get back into the market.. I agree with Jerry that now is not the right time. Build up your trading portfolio for months, by that time the market will stabilize and you'll get in at a bottom and make piles of money by going intermediate/long term.

By daytrading or swing trading you will keep 'busy', make money and not get antsy to commit to market long term before the proper amount of time has elapsed. If you can trade full time and forego the daily grind it is best, but if you can't, make 2-3 good trades a week. You can stay on the sidelines 1-2 days and trade 1 or 2.
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