The Final Frontier - Online Remote Trading Message Board

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

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To: Robert Graham who wrote (1491)	12/5/1997 2:53:00 PM
From: Richard Estes	Read Replies (1) of 12617

What is a penny stock? What is a quality stock? Now y'all are talking "day" trades, right. 8 hours. I simply point out that a stock selling for 2.00 goes up an 1/8 and you get Don's return. yes with spreads you need a little more move. But it is there. Why should earnings even be a concern? you only want price movement. Stocks under $20 will move faster ad further on an average. "What ifs" make the world go around. It makes buy and hold or daytradig look attractive. Back testing is a "what if". you can loose money in any price stock. or any length of trade. most everything we do is based on "what ifs". The problem I see is the lack of a plan or system that would identify The entry and exits on trades, day or otherwise.

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