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: Ken Wolff who wrote (1318)	7/29/1998 8:29:00 PM
From: Ken Wolff	of 2120

TRADING OFF WHOLE NUMBERS I feel that most traders are numbers oriented and take action based on whole numbers...and derivatives easily guessed at...I doubt that any of you have ever thought of taking 3/64 ths profits... Or 5/32 s..Or even 3/16 or 5/16.. You normally gyrate to 1/8 1/4 3/8 1/2.. I believe it is sort of mindset that I have played off and done very well guessing at sell off and support prices. It takes experience and very accurate note taking or a good memory for trading. It will help you at correctly finding the tops and bottoms...along with the "rhythm" method. Ken www.mtrader.com

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