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

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To: Kris who wrote (4636)7/12/1998 8:23:00 PM
From: Rocketman1  Read Replies (1) of 12617
 
Did anybody read this article, "Day-Trade Believers Teach High-Risk Investing",
washingtonpost.com

Does anybody have a different opinion about #1. What is this 30 minute cushion for? It seems to me the volatile opening moments are an opportunity as much as a risk.

Day Trading: 10 Rules to Live (or Die) By

Here are some day-trading tips offered by Chuck Riviere, owner of All-Tech Investments Inc., which teaches would-be investors how to become day-traders from its Falls Church office.

1. Never initiate a trade before 10 a.m.

2. Watch the general direction of the markets.

3. Trade with the trend: the trend is your friend.

4. Watch the movement of key market makers; a market maker buys and sells lots of securities on over-the-counter markets.

5. It helps if the stock you're trading is among the most active, or on the biggest gainers or losers list.

6. If not on those lists, determine what's the volume and where are the key market makers.

7. Determine whether other stocks in the same sector are trading targets.

8. Initiate trades on other stocks in the same sector.

9. If you're riding the trend, never leave your terminal.

10. Think about taking profits between 3:34 and 4 p.m.
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