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Strategies & Market Trends : DAYTRADING Fundamentals

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To: cloudless who wrote (5344)11/11/1999 10:45:00 PM
From: Richard Estes  Read Replies (1) of 18137
 
The hardest thing in the world is to set a time frame for trades. If you can make the same profit in 5 mins that you would hope for in a week, would you take it? The stop should be pre-determined based on expectations. If you buy your $100 stock you need to know where trade turns bad and where you would get out before you take the trade. On the profit side, it is a different ballgame, there is no loss in a profit. At $10-30 roundtrip, what is the concern?

This is a volatile market, the most money is in volatile stocks, also the most risk. To reduce risk, reduce exposure over time. The volatility produces daytraders.
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