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

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To: Don Green who wrote (1929)	12/17/1997 12:18:00 AM
From: Roman S.	Read Replies (2) of 12617

Don, you are correct that this is hindsight. Examples abound when you look back which gap up and down. What intrigued me was the drastic (almost 50%) gap down at the open. There are not many that gap down this heavily, or I just haven't seen them. What I was just illustrating was the tremendous loss for people that bought at 31 the day before, thinking it will be business as usual the following day and held overnight. There was just no chance to get out right from the opening bell. This confirms the 'system' of not holding overnight is not without merit. Just to let you know, currently I am a position trader who is learning, reading, and studying market action with the ultimate goal of daytrading for 1/8's, 1/4's or 1/2's at 2500 shares or more at a time on a daily basis. I'm looking for a possible bounce on this one because of the oversold position. Give me a point or two to the positive side on this one tomorrow and I'll be happy. If it continues south, I'll take my lumps and look for the next one.

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