The Final Frontier - Online Remote Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William H Huebl who wrote (992)	11/16/1997 3:35:00 PM
From: Sniper	Read Replies (5) of 12617

Hey Bill, rule#1- Never use a market order! congrats, you just failed! Unless you've got a deathwish... If you are trading a fast moving stock, always use a limit order (be safe an enter an order 1/8 above the current ask if you thinks its got 'legs').. this also establishes mentally what your top dollar entry point is and have the discipline NOT TO CHASE... I also notice that whole numbers are usually interesting stops and tops... (eg: 21, 10, 7, 52.. whatever, the number with no fractions). In addition, as i mentioned earlier, mms are getting very sneaky now.. and throughout the day, you can usually get a good run once in most stocks.. its the naieve ones that see it pullback and assume that another run is emminent, thats how mms lure you... I hope all you daytraders are using a lvl2 and tos feed... you are, right? There's your rules #2: Gotta have lvl2 and tos Anyone use bollinger bands, money flow or stochastics intraday for buy sell point? thanks Snipe'

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next