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Strategies & Market Trends : DAYTRADING Fundamentals

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To: wallstreeter who wrote (2952)8/17/1999 2:13:00 PM
From: Eric P  Read Replies (2) of 18137
 
Can anyone tell me in their experiences how long they would stick with a stock that was on cnbc? I played etrade for a profit but i think i should have stayed longer.
Comments anyone?


The best thing to do is to watch (not invest in) several CNBC 'news plays'. See how long they go up, see how frequently they go in the right direction, and watch how quickly they drop. Only after you feel comfortable with your knowledge and understanding of these sorts of plays should you even consider investing in them. For a new trader, I wouldn't even consider touching them. It's a losers game, unless you have the fastest draw in the west... not likely for a new daytrader.

Good luck,
-Eric
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