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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Joe Veres who wrote (113625)9/9/2000 4:26:21 PM
From: WaveSeeker  Read Replies (1) of 120523
 
There's a simple way to accurately judge the value of a service. Keep a trading log and write down the entry and exit prices of every buy/sell and short/cover recommendation, and compile your own track record. Questions to ask are:

1. Are the entry and exit prices valid, i.e., what are the effects of slippage and commissions?

2. Do the traders in the room have documented, real-time track records, or do they have another primary source of income? Be skeptical.

3. How innovative are the trading techniques? Some of the traditional swing trading techniques fail miserably lately because the more people that use them, the less effective they become. Volatility has decreased dramatically and stocks are in more pronounced uptrends and downtrends.

You can learn a ton from some chat rooms. Every chat room seems to have a core of 2 or 3 traders who are good, and you'll eventually recognize who they are. If you're really lucky, you'll find a private (and free) room where a dozen or so hedge fund managers and/or professional traders get together and share information about various techniques, but be prepared to bring something to the table.

WS
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