DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Cormac who wrote (5193)	11/4/1999 4:19:00 PM
From: Dave O.	Read Replies (1) of 18137

< but if I focus on the amount of money on the table I am fettered by the emotional baggage that comes with having a cash register in the mind. > Cormac, I guess I do have a cash register in my mind, after all $$$ is required to pay the bills. My objective in each trade is a certain amount of profit. And when that objective is hit I usually exit as I've achieved my goal. For example, today I shorted MERQ at 94 1/16 and it hit my target at 92 1/2. I was in the trade maybe 20 minutes. If I'd held all day I could have covered at 88. Although one could say I left some money on the table I was happy with what I made. I also don't stay glued to the screen all day. If/when I hit my daily goal I'm off to enjoy the day. Dave

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