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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders

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To: Dave Gore who wrote (356)3/15/2001 2:03:39 PM
From: Dave Gore  Read Replies (1) of 589
 
TRADING vs. INVESTING - I actually think most would be much better off just concentrating watching a few stocks they know well, rather than make lots of trades on the many dozens of stocks that you and others talk about on this thread and in trading rooms. Plays of the day are fine if you are committing to active scalping and daytrading but not enough people are as committed as you are in putting in 12-16 hours a day plus weekend work to be able to keep up with trades of stocks they don't know well.

Charting and T/A is even less useful in choppy trendless markets and the MM's are really whipping people around. Quite frankly there are not enough people willing to buy today and MM's are taking advantage buy running stocks up and then tanking them or vice versa, almost at will. CHKP is a perfect example today. They ran that down and panicked people out and then ran it up a 1-1/2 just because they wanted to.

Too many are also trading in the doldrums which usually is a bad idea. I think most should put some money in CD's before the next Fed Cut and trade for fun only. Did I say "fun"? LOL!

Trends are not lasting long enough and most are just not nimble enough or have enough time or equipment to do proper trading here. Just my opinion. With that said, a multi-day rally may be coming soon (or not).
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