DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (5391)	11/13/1999 3:37:00 PM
From: Richard Estes	Read Replies (1) of 18137

No doubt the larger market does exert an influence. My point is you see it in your stock if it does or doesn't. It is the stock that counts. We only have so many brain cells and minutes in a day. We must not dilute our efforts. If we spent our limited resources in stock selection and focus on trade, it might be more productive. Other items to ponder: Volume means little unless it is compared to float. A slow trading utility stock with a 1/6 to 1/8 spread might be the best listed stock to go for the spread. Buy at bid and sell at ask. Most indicators only measure. The key might be using those that predict especially support and resistance. Fibonacci, Gann, and E-waves come to mind.

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