Momentum Daytrading - Tricks of the Trade Message Board

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

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To: Darth Trader who wrote (295)	1/17/1998 9:01:00 PM
From: Street Walker	Read Replies (1) of 2120

Darth....your trading history brings back some memories. I use to have several portfolios of companies I use to track and buy whenever there was a sudden uptick. I've since learned, and have moved on to just trading NEWS form #daytraders and intraday technical plays of my "favorites". My loses have diminished and my winnings have become dramatic. The advantage of Level 2 is that you can see your stock begin to loose bid strength and sell before it drops! You can also see the cheaper ask sizes drop off and jump in the stock before it up ticks. Had you been using level 2, I doubt you would have lost your trading capital. I'm sorry to hear that. There are so many wanna be traders with no rules or equipement. This is what makes this thread so great. Ken and others sharing the tricks. The future has lots in store, and daytrading will become more integrated into the lives of HOUSE WIVES, because most men are so busy going to work that they don't have time to make $$$$ daytrading. I'm really surprised brokerage firms haven't caught on to the HOUSE WIFE market. Let me know who you go with, MB Trading or AB Watley, and why. AB Watley would be cheaper for monthly costs, if you don't make the necessary ticket volume. When you first get the trading software, don't allow yourself to feel like you have to make a trade. Do plenty of paper trading on the system before jumping in with cash. It takes some time to get use to watching Level 2 and graphs, along with #daytraders. Kinda blows your mind for the first few days. You'll find yourself also wanting an additional computer(s) in time. Daytrading really takes commitment on your families part. Onward and Upward, S.W.

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