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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: wmwmw who wrote (200)1/13/1998 5:11:00 PM
From: Kris  Read Replies (1) of 2120
 
Help. I see it but can't DO it. Here are my assessments written down Mon. nite after study and after MOT reported minus-three disappointment: MOT up; Lattice ought to go up despite minus-one warning; KLAC ought to rise maybe 3 points; MU could break out; VTSS should go up but could all be in gap; AGPH--something's screwy with that stock. Those are pretty accurate observations. And Cliff's Drilling (this stock goes up and down four points in a day and is lower than low) I thought should go up if everything else did. Did I make a cent? No. I enter too late, don't stick when I should, am reluctant to go against the intermediate term trend which I believe is down, and I eventually bought Cliff's which had already risen, has too little volume, and sold at 1 p.m. when it starteddown. How should I have known to do better? PLEASE comment.
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