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Strategies & Market Trends : Analysis Class for Beginners
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To: Arthur Tang who wrote (1120)1/23/2000 8:07:00 AM
From: Arthur Tang  Read Replies (1) of 1471
 
Message board is daytraders' delight?

If you get into message board, you get talked into making the wrong decisions at the wrong time. What is done is you take a look at the list of the messages posted. Look at the number of posts per hour and the number of posters. You get the size and the liquidity of the daytraders' market. You found the hot stock, but you have to keep an eye on the list of messages. Reload the screen every minute. When they are writing there is less action.

Other info such as streaming indexes is of no use for a single stock trading.

Then with the help of a second computer to look at the streaming big one day chart real time to get in and out timing on actions and momentum. If its not streaming, you have to hire someone to reload the screen every second.

You need a third computer to execute your orders.

If you need to look at several message boards, you need more computers and more communications lines. Then if you want to trade more than one stock you need more than one crew. It's a professional job, not for amateurs.

What a computer business you could have, though? No risk in selling computers, just one good daytrader will make you rich. On the other hand the good daytrader can really get rich.
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