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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (878)6/17/1999 9:13:00 PM
From: Teresa Lo  Read Replies (1) of 18137
 
Intallment #3 on Mom From School as Future Day Trader -

Today she shows up during the lunchtime sag in the market.

1. "You don't seem to be trading."

Well, there's no set up.

(Sits there munching on a piece of icing sugar dusted fatty carbo pastry - one thing a trader does *not ever* need to eat. Traders need protein and water to say alert and keep hydrated.) Chats with my other half, causing noise to flood the room. Turns on CNBC. I turn it off, since I don't need distraction.

2. "Hmm - still no trading."

Well, there is no set up.

30 minutes later.

3. "Hmm - I guess I'll come back tomorrow when there's more action."

Well, you never know when the action will come. You must wait for the set up. Watch carefully and execute when it happens. Good bye.

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