Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Dave Gore who wrote (5456)	2/27/2001 9:20:02 PM
From: Jenna	Read Replies (1) of 6445

Dave.. Actually I think putting in that way, thats a very thought provoking comment. I knew you didn't mean that shorters aren't causing anything, but I still didn't get the true impact of your post under rereading it. I think you have something there. Daytraders and perhaps even investors are flocking to become daytraders (that doesn't make me jump for joy as you might think because we want traders who understand that EDUCATION and a capital allocation that you won't miss too much is important. Some of them jump in with limited knowledge and expertise and begin to trade or try to) Dave, the game did change. and it goes deeper than daytrading though. Investors are probably not necessarily shorting but taking profits after 2 or 3 rally days. I would say though that what is behind this going flat is not so much from a keen prescience or forethought to necessarily make the most money, they are just afraid to lose and yes of that I am guilty also. The few times early this month a tech stock it was not the right decision at the time. Little by little I just changed my strategy completely but its only temporary (at least I hope so)scalping is for the birds, literally. You make bird feed money unless you buy 5,000 or 10,000 shares and I'm NOT a trader at those levels. I used to trade those levels but I don't any longer. I trade because I love it not because I need it and when you are stable in your financial situation you don't need that much 'exhiliration' . I might again some time but not now. . If there is no choice I might scalp but not consistently and not for weeks or months. This depends on what you mean by scalping.. to me its entering too many times for too little. Holding a stock from say 9:50 to 10:10 or even 10:25 to 10:30 time frame is the average time frame I like.. more is better of course. Scalping has nothing really to do with time spent in the stock but rather HOW MANY TIMES HAVE YOU MADE THE TRADE in the same stock and during how long a time frame. (You can get 5 points in a 5 minute trade if its news or earnings driven or 15 minutes in a short) And obviously the highly volatile stocks you like to take your 3 or 4 points but you should also trade less volatile stocks (i.e. the swing trades or the "slvn" like trades) Its like we used to hold through earnings 18 months ago and now we mostly go long in a daytrade (hardly even a swing trade) go flat through and wait for the fireworks afterwards or in a small number of cases, we actually go long afterwards. Since PMCS puts through BEAS.. except for a number of potential good long holds like DELL, AMAT, CIEN and NUFO, where I could have profits the only side was the short side to hold. I let a nice profit in MARY wash away by holding that through earnings and luckily they weren't so I was able to get out relatively unscathed but still could have exited 5 days I had time to exit. Now I virtually never hold through earnings.. PLAB and NVDA and ACTM were chancey but they came before MARY... so I won't take that chance again. Other people are also learning from mistakes and their conclusions might be "We don't Invest" we take profits.

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