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Strategies & Market Trends : The Scalper's Thread

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To: Carole who wrote (29)	12/19/1997 11:26:00 PM
From: Tim Luke	Read Replies (1) of 62

Not at all, I hope that I can be of some help. We are all in this business to make money. You did good today by waiting but be careful, Carole one thing you need to always keep in your mind is when you are scalping a stock with high volume and that is all over the board you must take your profit as quick as you can. You can always trade the stock again on the same day, my point is not to get greedy (I don't mean this word in a bad way towards you) because you start to see it moving up and you are up lets say a 1/4 or more thinking if I wait I might get a full point out of it. I don't know if you have seen this but a volitale stock get drop real fast and you won't be able to get out quick enough and your profit just turned into a loss. This was a big lesson that I have learned the hard way, a win is a win and that is the bottom line. I hope that you don't pay to much per trade, I pay 14.95 for market and 19.95 for limits. Sunday night will be my last post until Jan. 2 but I will be back and I hope that I can give some good scalps for everyone. But always use your best judgement and be very careful!

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