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Strategies & Market Trends : Technical Analysis - Beginners

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To: Michael Quarne who wrote (10774)	10/7/1999 9:53:00 PM
From: gonzongo	Read Replies (1) of 12039

Here's a thought- take a stock like say Citicorp($45). Say you buy 1000 shares. Can you average 50 cents a day on it? The average true range is about $1.65 per day. Can you make 50 cents using TA and trade it intraday? 50 cents times 1000 shares is $500 a day. Times 250 days is $125,000 on a $45,000 investment. Do you do that with what you do now? I do not. it will never go up 500% in a day-- nor down 75%. Even when it went straight down a year or two back, 50 cents could be made on the short side and some days on the long side. At least that is my theory. Think about it.

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