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

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To: TFF who wrote (1936)	12/17/1997 1:17:00 PM
From: xstuckey	Read Replies (3) of 12617

"By avoiding holding stocks overnight you effectively eliminate the risks of having a position move heavily against you." Hi irby, While this is certainly true, you are missing one of life's great challenges. To wake up on the right side of a significant gap up or down is an exhilarating experience, and I believe, not all that hard to do if you limit yourself to heavily traded NASDAQ stocks. I think important news is known in advance by big money, and is reflected in the short term price moves at or near the close. Using almost any good TA filter should detect this type of impending move. The problem, of course, is that the same filter will give signals even when the big move is not in the cards. For this reason, I trade only one stock, and trade it all the time. There have been 4 big gap days so far this year in Intel, and I have been fortunate to be on the correct side each time. But to do this, you must take frequent losses and most find that extremely distastful. I tend to view it as a part of trading. Best Trading, X

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