Momentum Daytrading - Tricks of the Trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Wolff who wrote (599)	3/2/1998 12:19:00 AM
From: Darren	of 2120

This message is a compendium of responses to previous posts: My pre-market plan -- I have a "basket" of commonly followed stocks (my own modifications to the Red Herring 250). On one screen they are ranked by volume. Big volume, relatively, before open means action. News can obviously provide clues to direction. The other clue, for me, is what happens between 6:00a and 6:15a. If it's a pure guess, I usually go with a LONG position because volume is usually a positive thing, especially if I can't find any news. If I'm REALLY guessing, and I just can't lay off, I buy fewer shares. Regarding open, I'm not looking for a run bigger than 1/2. If it does go higher/lower, I consider myself lucky. I love to play the bounce on the "dumpers" I believe you call them. Only looking for 1/4 on the bounce, and then take the short until lunch is nearly over. I do like to play Hi/Lo, but I've been getting burned like crazy since the last double witch where the market tanked until 11:00a and then rebounded. Here ends my daytrading plays -- these are not to be confused with scalping plays or long term (i.e. 1 month) plays.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next