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: Ken Wolff who wrote (687)	3/14/1998 10:11:00 AM
From: Ken Wolff	Read Replies (2) of 2120

THE MOST CRUCIAL TIME (PART II) As soon as I place my buy I will wait for my broker to confirm my trade. You need a broker that can confirm very quickly. Once I receive confirmation of my trade, I will exit the trade when I see a PAUSE in the upward rhythm and a couple of sells. Many times you will have to go with the flow of the market and sell fast as some markets will give you little time. I try to limit my losses to 1/8 of a point and that is why I only deal with those stocks that have spreads less than 1/8. You could always place a limit buy BETWEEN the bid and ask on stocks with 1/4 spread but I have always found ample opportunity with stocks that meet my criteria. Ken www.mtrader.com

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