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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (1302)8/1/1998 5:33:00 PM
From: saju chacko  Read Replies (2) of 2120
 
i am interested.... i have recently become a daytrader and have learned more lessons in my first two weeks than i've learned in a year about the regular stock market...

the name of the game is definitely to preserve capital....

next, know your stock and it's main MM's... try to figure out what they are doing.... and then act upon your indicators....

also... you MUST have self-control.... if things aren't going you're way you must have the ability to keep your head on straight...

know the terms that are used in day trading.... especially all the different calls.... a reg T call is very serious and you want to know how one is created and whether or not creating one is worth it.... this goes for margin calls too...

there's alot more... i hope we can cover them....

Saju
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