LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Jay Lyons who wrote (462)	9/18/1998 8:50:00 AM
From: Jay Lyons	Read Replies (1) of 43080

Yesterday's Gaps: The numbers I used produced several flat trades. On AOL, a Modified Gap was the way to go, I was wrong not to stick to the plan. YHOO took 1 point bounces off the modified buy trigger like a ping pong ball. From a daytrading perspective, I'm paper trading the idea of using the gap triggers as upper and lower resistence, and buying or shorting when the stock comes to the trigger and then reverses. Take look at PFE and INTC yesterday for examples. Paper traded 6 points using this stratagy with my numbers. Scott- As I write this, I realize that I'm focusing my follow ups on daytrading, not position trading. Let me know if you'd rather that I stuck to posting my numbers in the A.M. and skip the follow up. Jay

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