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: Tai Jin who wrote (474)	2/8/1998 7:28:00 PM
From: Melissa McAuliffe	Read Replies (2) of 2120

Tai, <<And rather than use points, why not use an absolute dollar amount or a percentage?>> Several times I have read where people used points and I could not understand it. However, it seems to make sense to me now. Since I am only doing small trades and the # of shares might differ each time, I thought overall points would be a better indicator vs. pure dollars of profit. The reason for this is because I don't trade enough yet to feel pure $ are a good measurement. I feel it best to start small and get a comfort levell. And I think points are a better gauge than $ because $ have to do with how much you invest. If I always bought 1000 shars, e.g. I woud have made almost $4,000. Assuming I get a good comfort level with this, I will always trade the same number of shares and can project my profit using points much more easily At least this is what I am thinking. Melissa .

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