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Strategies & Market Trends : NetCurrents NTCS
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To: Jill who wrote (3513)11/3/2000 3:36:57 PM
From: Michael Watkins  Read Replies (1) of 8925
 
Jill normally I'd never trade a stock on such a short time scale, especially since here in Canada we have poor direct access capabilities.

IMO no one should trade the really short time frames until they get a lot of experience, as it just invites losing money faster. The 15 minute chart and the triangle and scenarios that Teresa pointed out are safer, bigger reward things to stalk anyways.

I was just having fun with the 5 and 2 minute chart because the principles are the same irrespective of the time frame. 5 minutes, daily, weekly charts - all the same. Learn it and you can day trade, position trade, etc.

ps, watching the action unfold during the class is pretty darn close to all gathering around a computer screen and thousands cheaper. No, I don't work for Teresa :)
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