DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Richard Estes who wrote (1725)	7/9/1999 3:07:00 PM
From: Eric P	Read Replies (1) of 18137

Could you or would you trade like that? Is this what the majority of readers want to do? Could they do it? Is it a matter of hand/eye coordination? What was largest point gain on trades you watched? I would love to make $1M per quarter, if that's your question! In other words, if it works, I would definitely love to trade like that. Although, my goal would be to automate the process to take away any need to make subjective opinions or possible emotional mistakes. I think his success is primarily attributable to his strategies on when to enter/exit trades and how to get out of losing positions before the crowd, and at a 'good price'. However, any other gifted trader would not be nearly as successful until they mastered the software and became very quick with how to place/cancel orders. The keyboard appears to really just be an extention of his body, and he doesn't need to 'think' about what needs to be done to place or cancel many, many orders simultaneously. Recognizing that I was only watching him for about 2 1/2 hours, the largest point gain I saw was ~6 points in HGSI, after it was reported on CNBC. I believe he bought it at $44 and sold it in the 50's. -Eric

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