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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: funk who wrote (3749)	4/19/1998 9:47:00 AM
From: Alf	Read Replies (2) of 12617

Funk - Irby When daytrading is there a predefined profit that you are after ? ex. 1/8 or 1/4 or is it a combination of the chart and gut feeling ? I use the second of the 2 and sometimes my biggest mistake is greed ! ex. last week bought YHOO at 125 1/8 - within 10 min. I think it got to 129 - when watching it go up so fast my plan was to exit at 128 3/8 - got greedy, it droped just as fast as it rose and ended up selling at 127 1/8 On my chart's sometimes I see a quick spike either up or down - do you use this as an indicator ? Any tip's or comments are appreciated Tim

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