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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (2488)1/16/1998 1:28:00 PM
From: David Nelson  Read Replies (5) of 12617
 
To all;

I have been trying to make money day trading for a couple of years and have been unsuccessful. My problem seems to be that the majority of the money to be made is in the first few minutes of trading at the open. Most stocks seem to open up on up market days and then drift downwards for the rest of the session. I hate to think of shorting after the open on an up market day. Every time I take a position at the close, the market seems to turn down at the open the following day.

I haven't been able to successfully catch mid day moves. I tend to wait for more gain later in the trading session and usually loose. I also don't like to take a loss at the end of the day but I know that this discipline is key to winning. I tend to hold small losses that turn into bigger ones. Does anyone have any Ideas?

--Dave
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