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: Mike Milde who wrote (1182)	6/22/1998 12:52:00 PM
From: ratan lal	of 2120

MIke - everytime I follow the charts, I am rewarded. Anytime I violate them (extrinisc info, SI info etc.) I am punished. Now I follow them religiously. But like all religions, I still sin occasionally and I dont have to wait to get to hell. it comes to me right away. Remember Charts are good for the VERY short term. And the only thing that makes them turn sharply is breaking news in your stock (or the whole market if you are doing spx, oex etc.). Then if you are watching the charts, get out at MARKET order. Do not chase. Do not try to save 1/8 or 1/4.

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