DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: wallstreeter who wrote (3013)	8/18/1999 12:00:00 PM
From: Rick Faurot	Read Replies (2) of 18137

Getting out in a panic selloff is a nightmare experience. Nobody wants your shares. You are losing money and you are in a panic yourself. Not good. My suggestions: Keep your 1/4 pt stop as consistently as possible. Don't get cute. Don't guess. The minute you start feeling lucky and decide to take a chance that "she's gonna come back big" you are risking your capital in a way you cannot afford. This applies no matter how rich you get. Some of the biggest fish out there have gotten snuffed by over confidence. Stay away from highly volatile market conditions. If the dow and nas are flipping up and down like a fish on a dock, step back a few steps. Take notes. Paper trade. You will love it that you did this in the long run. When the market settles down and you get readable conditions with medium volume, see what looks good. best of luck, Rick

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