DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Bobby Polk who wrote (1501)	7/3/1999 8:27:00 PM
From: Jim	Read Replies (1) of 18137

Bobby, I trade the same as you ie. try to find trending stocks, and buy for a short ride. I don't expect to buy at the low and sell at the high, but just be on board for a little while. I couldn't do this without using a stock scanning program. I use RIM (Real Idea Machine) because it is real time, and the trending stocks appear on the lists in REAL TIME. The software continuously calculates more then 20 TA studies on ALL the stocks, and ranks them based on their movement. My favorite column is a ranking that applies weights to the different studies ie. volume, price movement, break-out etc. This at least gives me a list of stocks to start watching to see if I want to buy (or sell short). Anyways, this software works for me. Other packages I have tried just give you lots of tools, but by the time I analyse the individual stocks, it is often too late. Hope this helps. Jim

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