Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (2026)	10/2/1999 9:00:00 PM
From: E. Davies	of 2120

I used to trade looking for the swings that lasted in the several hour range (I dont like to talk "points" because 1/2 point in a $4 stock vs. a $130 stock are completely different beasts). I dont know if it is the market being more choppy or just a learning process but I have found it far more predictable to go for the trades that last on the order of 5-10 minutes. Typically this will give 1/2 point in a $40 stock or 1-2 points in a $130 stock. My philosophy is that as soon as I'm happy that things are going well- get out. Do you think this is more a factor of the market or is this actually a better way to trade? Is this counter to "momentum" trading? I know very few traders, professional or otherwise that go for very long with the very fast 1/8-1/4 point trades. Eric

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