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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TraderAlan who wrote (6550)	2/20/1999 2:46:00 PM
From: Gary Korn	Read Replies (3) of 12617

Alan, You are right about flexibility, a lesson I learned on Friday. I insisted on trading DELL (some 120 trades in 1 1/2 hours), but DELL was exceptionally quiet in the morning (when I was trading). The result: I was net even on trades (neither gaining nor losing any points), but took a loss on the commissions (showing just how sensitive my style is to commissions). Lesson #1: Move on quickly, or stop, when it becomes apparent that the stock being traded does not have the necessary volatility. Still another problem on Friday was that my DBC Signal Online L2 quotes were out of whack. I tried to work through it, but made several mistakes that quickly eliminated prior profits. Lesson #2: Stop trading when systems fail, don't try an on-the-fly workaround. Gary Korn

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