DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Dave O. who wrote (4753)	10/6/1999 4:53:00 PM
From: Herc	Read Replies (3) of 18137

Do most of you set price goals before selling or accept whatever profits God sees fit to give you? I am coming around to the latter opinion, having missed out on smaller profits only to see the stock plummet. A 6% profit in a day ain't much but multiply it by 365 and we're talking some real money. It seems a good way to find prospects for trades is to check the big movers around 10 AM EST and then play with them. This sure has worked for me this week with INCY and SNRZ. The institutions seem to dump stocks blindly and recklessly on bad news permitting us small guys to feed on the leftovers. After reading the WSJ article today on direct access, it appears the big discount brokers are giving this market a look. So this should be good for lower commissions.

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