DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: KM who wrote (5167)	11/3/1999 8:04:00 PM
From: Cormac	Read Replies (1) of 18137

KM - What size are your positions? An essential to subjectively look at your trading. I don't see any problem to be solved but again I do not use $/points as judge/jury of my trades. What prevents you from re-entering the trade...seems that exit and re-entry is a basic *fundamental* of daytrading? I don't mean to nit-pik your post/ the conclusions that I draw might be in error...you might just have a certain style and word usage but...you used the word but at least 4 times and used the words mistake, horrible, disgusting, sheesh to describe successful trades. IMO this seems to indicate that you are spending a lot of time second guessing your trades (IMHO - different from objectively gleaning wisdom from past trades) with a good deal of emotion. IMHO a recipe for sure disaster. this is not meant to be a personal criticism...as I believe this is something that is *fundamental* to all daytraders. To the thread in general...what size positions do people generally trade...I remember a recent post where a trader was talking about averaging down with sub 100 share lots. Do a lot of traders on this thread trade in sub 300 share lots. I will not trade in any size under 300 shares...my research and tracking shows me that if I trade well then a minimum of 300 share lots insure that at the end of the day I will be in the black. I watch time and sales and will only trade a stock and lot size that I can efficiently execute...must give credit where credit is due...the tenet I just stated I learned from Vadym...as I tell others what is the point to trade a stock in which you are not confidant/comfortable with your ability to execute entry/exit with efficiency. I try to match share size with an expectation of efficient entry/exit with 1000 shares as my optimum starting point and 300 as my minimum. Having said that I will and do trade some IPO's in lots that range from 100 - 300...rarely above that...I will only trade an IPO with size that I can efficiently execute (relative term when dealing with an IPO). Anybody care to offer some feedback...we might want to leave the IPO subject alone as that doesn't fall under DAYTRADING Fundamentals IMHO Respectfully, Cormac

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