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

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To: David Nelson who wrote (2490)1/16/1998 3:22:00 PM
From: TFF  Read Replies (2) of 12617
 
David: Just a few of my thoughts:

>>>>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

This is your opportunity.

>>>>> Most stocks seem to open up on up market days and then drift downwards for the rest of the session

Consider shorting against the first move.

>>>>> I hate to think of shorting after the open on an up market day

Consider covering your short in the first hour and going long the same stock.

>>>> Every time I take a position at the close, the market seems to turn down at the open the following day.

Consider not taking on positions at the close.

.>>>>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 one

Be very selective in calling midday moves. Consider a stop loss strategy to eliminate your indecision when it comes to selling losers.
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