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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: daniel dewitt who wrote (1112)6/14/1998 1:15:00 PM
From: Mary A Young   of 2120
 
Hi All:

I wanted to simply share some things I have observed as a subscriber to Ken's room and lurker in others. Its my first post on this thread.

I was a part of another pay room. Trust me, much of what Ken is pointing at in his article is exactly what was happening there. Many of us were burned there and all I can really say I learned there is that its wasn't the place to be.

I came to Ken's room and now am learning. When I lose money its because I don't follow my own rules, perhaps I haven't established for myself where the trade is going, etc. Ken is helpful in trying to assist with exit points....which in the other room, once in, we were told to "manage it".

I lurk in other free rooms and see what he is talking about. One room where I lurk seems to be making very strong concerted efforts, it seems, to address some of the concerns Ken is pointing out. Not only is the staff making greater efforts, some of the regular participants are also.

I'm pleased that the SEC is starting to observe these rooms and investigate. Once a stock has been hyped the way some have been, they become somewhat tainted which detracts from the fact that these are real companies with a real future.

All IMHO
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