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

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To: Ken Wolff who wrote (719)3/17/1998 1:06:00 AM
From: Ken Wolff  Read Replies (3) of 2120
 
AN EXCELLENT TRADER:

- will execute very fast with no hesitation.
- will execute the maximum number of shares that the trade dictates.
- will follow rules without hesitation.
- is quick to exit trades when the trade goes against his reason for entering it.
- knows when the market changes and goes with the flow
- is willing to sit on his butt to preserve his capital.ÿ
- knows how the trade will go most of the time before he enters it and can exit with any abnormal behavior.
- never tries "iffy" trades but only seeks high percentage patterns.

Ken
www.mtrader.com
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